- Inceptio Technology, a Shangai, China-based autonomous truck company, raised US$120m in funding
- The round led by Contemporary Amperex Technology Co., Limited (CATL) with participation from key strategic investors GLP, G7, and NIO Capital
- The company intends to use the funds to accelerate volume production and commercialization of Level 3 autonomous heavy-duty truck
- Inceptio Technology focuses on transforming line-haul logistics with its “Technology + Operations” business model
- The company partners with Dongfeng Commercial Vehicles and SINOTRUK in the development of Level 3 Autonomous Truck
- Inceptio has also started building its commercial network with over 100 logistics clients signed to date
