Whenever you need to purchase a new car, the first thing that you want to check for is the brand of the car. For instance, if you are going to buy a new car, you will want to check to see if the car is based on the China-based Inceptio 270m series. This will help you avoid problems when you are going to buy the car.
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Founded in Shanghai, Inceptio Technology is developing autonomous trucks for China. The company aims to develop a nationwide network of self-driving trucks. This will help improve safety, efficiency, and driving experience. It is also expected to reduce energy consumption. Currently, Inceptio has partnered with the country’s largest original equipment manufacturers (OEMs) to develop China’s first driverless heavy-duty trucks. Inceptio’s hardware suite includes lidar, a camera, GPS/inertial measurement units, a gateway, a computing platform, and millimeter-wave radar.
China-based Inceptio has closed its latest round of funding, announcing that it had secured a US$270 million Series B equity investment round led by Chinese e-commerce platform operator Meituan and Wisconsin-based trucking firm JD Logistics. The company will use the funds to accelerate the development of its self-developed truck auto-driving system, Xuanyuan. Inceptio plans to begin mass-producing autonomous trucks in 2021.
Inceptio Technology is led by former Google engineers, including Julian Ma, a former corporate vice president of Tencent, and Ruigang Yang, a computer vision scientist who worked at Baidu Research in China. Other key figures on Inceptio’s founding team include Hong Kong billionaire Henry Cheng and William Li’s NIO Capital. Inceptio will use the new capital to support the deployment of electric trucks and to develop new self-driving systems.
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Located in Shanghai, China, Inceptio Technology is building the next generation of self-driving trucks. To date, the firm has raised $490 million in funding, including $165 million from China’s largest retailer, JD Logistics. It will also be joined by Dongfeng Motor, the country’s largest automotive company, in a multi-year partnership that will cover China’s largest transit hubs and tier-two cities.
The company has five business segments: Warehousing and Distribution Services, Express and Freight Delivery Services, Smart City Solutions, Intelligent Transport Systems, and Mobile Payment and Financing. To be more specific, Inceptio’s wares will be centered around two lines of trucks, one preloaded with the company’s Xuanyuan auto-driving platform and the other with an all-electric variant. It will be interesting to see how its innovations will affect China’s transportation industry.
One of the company’s most important achievements is the creation of a full stack self-developed truck auto-driving system. The company will also be launching a new fleet of trucks with a battery-swapping feature. The company has already shown off its wares at the World Artificial Intelligence Conference and it is expected that the first truck of its kind will roll down the highway in the near future.
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Founded in January of 2018, Inceptio has garnered a substantial amount of attention. Despite the fact that its headquarters are located in California, the company has a sizable presence in Shanghai. Among its other notable partners are Eight Roads, PAG, and Mirae Asset. Inceptio’s latest round of funding tallyed a whopping $270 million. The company plans to use the funds to further its research and development in the area of autonomous driving.
The company is no stranger to the limelight, as its aforementioned robotruck division has been embraced by leading shippers in China. The company recently obtained an A-sample from Dongfeng Commercial Vehicle Co. The company has also made an effort to collaborate with Chinese heavy duty truck manufacturers, such as Sinotruk.
The company isn’t stopping there, as it is planning on releasing a fully autonomous truck model by the end of the year. To help kickstart the development process, it has tapped into China National Heavy Duty Truck Group and Dongfeng Motor Corporation. Unlike the robotrucks of old, these vehicles will be built in the same standardized fashion as today’s trucks.
Inceptio isn’t the only company to capitalize on the autonomous truck concept, but the company’s achievements in this field have been nothing short of impressive.
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Despite the fact that it hasn’t officially launched its self-developed autonomous driving system, China-based Inceptio Technology has recently closed a $270 million Series B funding round. The company, which has been partnering with China’s leading OEMs to develop mass-produced autonomous trucks, will use the money to help fund its research and development. It also plans to mass-produce a new series of autonomous trucks later this year.
This investment round was led by the PE firm PAG, and also featured participation from Meituan and JD Logistics. Despite the fact that it hasn’t disclosed its corporate valuation, the money raised was a good sign for the company, which is looking to develop an automated freight network. Other investors included express delivery company Deppon and IDG Capital.
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Founded in 2016, China-based Inceptio recently completed a $270 million Series B financing round with Meituan. This is the company’s third Series B round since launching its self-driving truck program. The company has also partnered with Dongfeng Motor Commercial Vehicles, China National Heavy Duty Truck Group, and JD Logistics to develop L3 heavy-duty trucks. These trucks will be capable of Level Three autonomous driving and deliveries should begin before the end of the year. Inceptio will use the funds to accelerate investment in electric trucks and expand its internal research on self-driving systems.
Inceptio Technology has presented its hardware suite, which includes cameras, GPS/inertial measurement units, lidar, millimeter-wave radar, and a computing platform. Inceptio will launch its autonomous driving system “Xuanyuan” in March 2021. Inceptio will use the funds from the Series B round to expand its internal research on self-driving technologies.
