On November 21, NetEase Smart News reported that Tucson, a Chinese autonomous trucking technology company, has successfully raised $55 million in its Series C funding round. The round was led by Compound Capital, with additional investments from Sina, Zhiping Capital, and other strategic partners. This marks a significant milestone for the company as it continues to advance its self-driving logistics solutions.
This funding comes just three months after Tucson announced its Series B round, which included participation from Sina, Zhiping Capital, and Nvidia. The new investment will be used to accelerate research and development, expand testing programs, and further refine the company's autonomous driving systems. According to CEO Chen Mo, the funds will also support the expansion of real-world trials and help bring the technology closer to commercial deployment.
Tucson is an AI-driven company focused on the development and application of autonomous cargo trucks. It operates R&D centers in both China and the United States. In June, the company received a road test permit in California and completed a long-distance L4 autonomous drive from California to Arizona. Meanwhile, it has been conducting extensive road tests in China, covering nearly 10,000 kilometers. Earlier this month, Tucson showcased its next-generation L4 autonomous trucks in Shanghai, demonstrating its progress in the field.
Compound Capital, one of the leading investors, emphasized the transformative potential of AI-powered autonomous driving in the logistics industry. “Autonomous systems can significantly reduce traffic accidents, lower carbon emissions, and make long-haul freight safer, more efficient, and environmentally friendly,†they said. “We believe in Tucson’s strong technical foundation and its practical business model. We are excited to support their journey toward shaping the future of autonomous transportation.â€
For more updates on the latest developments in artificial intelligence and autonomous technologies, follow the NetEase Smart News official account (smartman163) on WeChat. Stay tuned for more insights into the evolving world of AI and smart mobility.
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