DeepWay Completes RMB 770 Million Series A+ Financing

DeepWay recently completed a RMB 770 million A+ round of equity financing, with a total financing of over RMB 1.2 billion. This round of financing was jointly led by Weichai Group and SoftBank China Capital, and followed by old shareholders such as Qiming Venture Partners. This is the second time DeepWay has received financing since it received RMB 460 million in Series A financing in August last year. The previous round of investors included Qiming Venture Partners, Lenovo Capital, Guangyue Investment, CCB Trust, Muhua Technology, China Power Fund, Bocom International, and Huagai Capital. The company is designing and developing new energy heavy-duty truck models. In terms of vehicle power, DeepWay's first intelligent new energy heavy-duty truck adopts three modes: charging, battery replacement, and hydrogen energy. In the charging and battery replacement mode, the vehicle's range can reach 300 kilometers when fully loaded with 49 tons. In 2023, DeepWay expects to deliver 1,000 vehicles.