JiuShi Technology successfully secured $100 million in B1 financing led by Blue Lake Capital, reinforcing its position as a leader in the autonomous driving industry in China.

Information on the Target

JiuShi Technology has recently completed a successful $100 million B1 round of financing, led by Blue Lake Capital and Dinghui Baifu, with participation from existing shareholders. This round of funding is one of the largest in the autonomous driving sector in the past year. As a global leader in the research and application of autonomous city logistics solutions, JiuShi Technology has developed a full-stack Level 4 (L4) autonomous driving technology, successfully commercializing operations on public roads and becoming the first unmanned urban logistics company to achieve profitable operations through a "turnkey vehicle sales" model.

The company boasts robust capabilities in L4 algorithm development, product design, vehicle delivery, and operational maintenance. JiuShi has established three major technical platforms: an intelligent platform, a vehicle platform, and an electrification platform, with all core hardware and software modules developed in-house. Its latest unmanned vehicle has undergone a complete upgrade in both hardware and software, now featuring a rigorous double-Orin Drive computing platform capable of over 500 TOPS of processing power. The proprietary ZOE 2.0 architecture optimizes sensor integration and enhances data transfer density and processing efficiency, enabling the detection of dynamic and static obstacles as well as map elements through a backbone network and transformer technology.

Industry Overview in Target Country

The autonomous driving industry in China is witnessing rapid growth, driven by technological advancements and supportive government policies. With increasing investments in smart transportation solutions, the market for autonomous veh