Didi reportedly seeking funds for self-driving unit at $5B valuation

Share via:


Chinese ride-hail firm Didi is on the hunt for fresh funds for its autonomous vehicle technology unit that could value it at $5 billion, according to Bloomberg News.

Investor interest in self-driving cars is high in China on the backs of IPOs from WeRide and Pony AI, which have a market capitalization of $4.7 billion and $5.25 billion, respectively, as of Tuesday morning.

Didi Autonomous Driving, the unit Didi created in 2020, has raised a total $1.55 billion to date, per PitchBook data, including a $298 million round in October 2024. …



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

Popular

More Like this

Didi reportedly seeking funds for self-driving unit at $5B valuation


Chinese ride-hail firm Didi is on the hunt for fresh funds for its autonomous vehicle technology unit that could value it at $5 billion, according to Bloomberg News.

Investor interest in self-driving cars is high in China on the backs of IPOs from WeRide and Pony AI, which have a market capitalization of $4.7 billion and $5.25 billion, respectively, as of Tuesday morning.

Didi Autonomous Driving, the unit Didi created in 2020, has raised a total $1.55 billion to date, per PitchBook data, including a $298 million round in October 2024. …



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

Website Upgradation is going on for any glitch kindly connect at office@startupnews.fyi

More like this

How a hacking campaign targeted high-profile Gmail and WhatsApp...

On Tuesday, U.K.-based Iranian activist Nariman Gharib tweeted...

Access Denied

Access Denied You don't have permission to access...

Access Denied

Access Denied You don't have permission to access...

Popular

iptv-portugal iptv-portugal iptv-portugal iptv-portugal iptv-portugal iptv-portugal iptv-portugal iptv-portugal iptv-portugal iptv-portugal iptv-portugal iptv-portugal iptv-portugal iptv-portugal iptv-portugal iptv-portugal iptv-portugal iptv-portugal iptv-portugal iptv-portugal iptv-portugal iptv-portugal iptv-portugal iptv-portugal iptv-portugal iptv-portugal iptv-portugal iptv-portugal iptv-portugal iptv-portugal iptv-portugal iptv-portugal iptv-portugal iptv-portugal iptv-portugal iptv-portugal iptv-portugal iptv-portugal iptv-portugal iptv-portugal iptv-portugal iptv-portugal iptv-portugal iptv-portugal iptv-portugal iptv-portugal iptv-portugal iptv-portugal iptv-portugal iptv-portugal iptv-portugal iptv-portugal iptv-portugal iptv-portugal iptv-portugal iptv-portugal iptv-portugal iptv-portugal iptv-portugal iptv-portugal iptv-portugal iptv-portugal iptv-portugal iptv-portugal iptv-portugal iptv-portugal iptv-portugal iptv-portugal iptv-portugal iptv-portugal iptv-portugal iptv-portugal iptv-portugal iptv-portugal