Jiushi Intelligent secures nearly $300 million in Series B financing led by Blue Lake Capital to enhance its leadership in L4 autonomous vehicle technology for urban logistics.

Target Information

Jiushi Intelligent has successfully completed its Series B round of financing, securing close to $300 million in total, with $100 million from the final phase, B3. This financing round was led by Blue Lake Capital, alongside contributions from leading firms such as Dinghui Baifu, a prominent US dollar fund, and a major listed company. Other participating investors included Asia Investment Capital, Xichuang Capital, Yongxin Ark, a logistics industry player, Baidu Venture, Jianfa Emerging Investments, and Unicorn.

Following this funding round, Jiushi Intelligent plans to focus on the development of next-generation products, the establishment of its supply chain, expansion into domestic and international markets, the construction of a city operations network, and creating industrial ecosystem alliances. As a leader in L4 autonomous vehicle research and application for urban distribution, Jiushi Intelligent has built its core competitive advantage through a comprehensive in-house technology system and scalable commercial capabilities.

Industry Overview in China

The autonomous vehicle industry in China is experiencing rapid growth, driven by technological advancements and supportive governmental policies. The Chinese government aims to achieve a high level of automat