Founded in July 2020 by Baidu and the Lionbridge Group, DeepWay designs and manufactures electric heavy trucks built from the ground up for autonomous operation. The company received Baidu’s license to use and build on Apollo open-source self-driving technology and combines that with Lionbridge’s logistics experience and data. DeepWay says it has realized mass production and delivery of intelligent electric trucks and generates operational planning and control data from deployed vehicles to train and improve its driver-assistance and autonomous systems. It follows a three-step strategy: electrification and scaling (vehicle sales and data generation), deployment of intelligence (mass-produced L2 assistance sold via subscription and series-produced L4 convoy systems operating in regions such as Inner Mongolia and Xinjiang), and building a global unmanned freight network with partnerships in six core overseas markets. The company has attracted a wide mix of investors—including provincial and municipal state funds, industrial corporate capital, top VCs, and recent overseas investors—to support commercialization and international expansion. DeepWay filed for a Hong Kong IPO in November 2025 and used the latest Pre-IPO financing (over $310 million) to accelerate self-driving R&D and global commercial rollout.

Total raised

$598M

Funding rounds

5

Latest round

Equity

Latest activity

Apr 2026