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Technology Stocks : Baidu (BIDU)
BIDU 140.36+0.7%Aug 12 4:00 PM EDT

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From: Frank Sully9/14/2021 5:24:19 PM
   of 2008
Self-driving car company DeepRoute bags US$300 million from Alibaba, others
  • Jeneration Capital, an investor focused on tech companies in greater China, and Geely, a Chinese automaker, also participated in this round.
  • Using the fresh funds, DeepRoute plans to more than double its fleet of test robotaxis from 70 to 150 by the end of this year.
  • The company also aims to expand its workforce, including in-vehicle safety drivers, from 400 to 600 before the year ends.
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