FinTechFunding

Inceptio Technology: Raises US$120M in Funding

  • 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
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Steve Sam
Steve Sam
Steve Sam is a financial reporter, analyst, and commentator with a strong focus on banking technology, digital payments, and the future of financial services.

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