QianGua Technology (千挂科技) is a developer of unmanned driving technology for freight trucks, focused on L4 autonomous freight-truck development. The company recently completed a Pre‑A financing round. The round combined equity and debt instruments. Investors in the deal included Yizhuang Guotou, IDG Capital, Cathay Capital, and SPD Silicon Valley Bank. The disclosed total exceeded RMB 100 million. The financing was reported by DoNews citing IT桔子. Qiangua Technology, established in July this year in China, develops automated driving trucks and provides logistics and transportation services built on that technology. The company targets B-end business for traditional freight logistics enterprises rather than consumer robotaxis. Its automated driving trucks aim to address industry problems such as high labor costs and driver fatigue by improving safety and reducing costs for logistics operators. Founders include Sun Haowen, formerly a senior director for R&D of PonyTron at Pony.ai, and Ding Fei, formerly an executive director at IDG Capital; two other cofounders are described as middle-level or senior executives from Baidu, Alibaba or Tencent and may serve as CEO and CTO. Qiangua's participation adds to growing competition in automated driving trucks as robotaxi firms and traditional logistics companies move into freight transportation.

Total raised

$45M

Funding rounds

3

Latest round

Series A

Latest activity

Jan 2024