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DeepRoute.ai, a Chinese autonomous driving technology developer, has successfully raised $100 million from a carmaker to enhance the adoption of its advanced driving systems. The Shenzhen-based start-up aims to equip nearly 200,000 vehicles with its technology by the end of 2025, a significant increase from the current 20,000. CEO Maxwell Zhou highlighted that their system can navigate urban traffic similarly to Tesla's Full Self-Driving capabilities, which are set to launch in China soon.
The company plans to introduce over 10 vehicle models with its technology in 2025, including collaborations with brands co-owned by Geely and Mercedes-Benz. This growing fleet will not only generate revenue through technology licensing fees but also collect crucial data to enhance its AI capabilities. As competition intensifies in the Chinese market, DeepRoute.ai is positioning itself to adapt to local traffic complexities while eyeing future opportunities in Europe and Southeast Asia.
• DeepRoute.ai raises $100 million to enhance autonomous driving technology.
• The company plans to equip 200,000 cars with its system by 2025.
ai's plans.
A system that enhances vehicle navigation in urban environments, similar to Tesla's offerings.
ai's technology, contributing to its revenue model.
A Shenzhen-based start-up focused on developing autonomous driving systems without relying on high-definition maps.
ai, highlighting its interest in AI and technology advancements.
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