Small Horse Intelligent secures a $100 million investment from NEOM to establish a joint venture focused on autonomous driving technology in Saudi Arabia.

Target Information

Small Horse Intelligent (小马智行), a prominent player in the autonomous driving sector, has secured a substantial investment of $100 million from NEOM's investment fund in Saudi Arabia. This funding aims to foster the establishment of a joint venture focused on delivering cutting-edge autonomous driving technology solutions within the NEOM initiative, situated in the northwestern region of Saudi Arabia. The joint venture will extend its operations to not only NEOM but also the broader Middle East and North Africa (MENA) region.

Since its inception, Small Horse Intelligent has consistently demonstrated innovation in autonomous vehicle research and development. The establishment of this joint venture underscores their commitment to expanding into global markets, utilizing funds to enhance their research and operational capabilities globally.

Industry Overview in Saudi Arabia

Saudi Arabia is undergoing a significant transformation, diversifying its economy away from oil dependence towards technology and innovation, especially within the realm of autonomous vehicles. NEOM is envisioned as a futuristic city where pion