Jiushi Intelligent completes $100 million B1 round of financing to promote the development of autonomous driving technology

Jiushi Intelligent, a global leader in the development and application of autonomous driving products for urban distribution, recently completed a $100 million Series B1 financing round. This round of financing was jointly led by CDH Investments and Blue Lake Capital, with other old shareholders following suit. Jiushi Intelligent has a full stack of L4 autonomous driving technology, has successfully achieved commercialization on public roads, and has launched a variety of unmanned vehicles to meet different logistics needs. At present, its unmanned urban distribution vehicles have been put into operation in more than 130 cities, with a cumulative delivery volume of more than 100 million orders.