Fabu Technology develops driverless transport systems and autonomous driving technologies for ports, including level-four intelligent driving systems, remote control systems, and fleet scheduling management. The company focuses on solutions that require significant infrastructure investment and long lead times before deployment. Its products are already in operation: Fabu deployed over 60 L4 driverless container trucks at the Port of Meishan this year, accounting for more than 20% of container trucks there. At the Port of Ningbo–Zhoushan, its trucks can move four twenty-foot equivalent units per hour per truck, a throughput close to manned trucks. Fabu plans to continue applying its systems across ports and expand into other areas such as logistics and buses. Fabu Technology Co., Ltd. (FABU.ai), founded in 2017, develops proprietary advanced driver assistance systems (ADAS) and autonomous driving technology. The company concentrates engineering resources on algorithm optimization and on building AI-enabled chips. Its core product is a car-road-cloud integrated solution intended to enable safer roads and intelligent transportation. FABU.ai targets deployment of that integrated solution across logistics and transit scenarios. The company plans to expand deployments into port transportation and city shuttle services using proceeds from its fundraise. Company website is http://www.fabu.ai/en.

Total raised

$30M

Funding rounds

2

Latest round

Series B

Latest activity

Dec 2022