Market Chatter: Didi's Autonomous Driving Unit Raises $289 Million From Latest Fundraising

MT Newswires Live10-24

Didi Autonomous Driving, the autonomous driving unit of Chinese ride-hailing company Didi Global, secured $289 million in its latest series C funding round, Yicai Global reported Wednesday.

Didi and Guangzhou Automobile Group (HKG:2238, SHA:601238), or GAC, led the fundraiser. Both companies established a joint venture that manufactured the Level-4 or L4 autonomous robotaxi model that is set to be launched in 2025.

Proceeds from the fundraising will be used for the research and development of self-driving technologies and for the acceleration of the L4 model's release.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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