DeepRoute, an international self-driving vehicle startup, has announced it has raised $50 million in its pre Series-A funding round to expand the global presence of the company’s autonomous driving solutions.

The financing round was led by Fosun RZ Capital, the Beijing-based venture capital arm of Chinese conglomerate Fosun International.

Shanghai-based GoldenSand Capital, Yunqi Partners, and Ventech China, as well as Shenzhen-based Green Pine Capital Partners also contributed to the pre-Series A funding. The funds will enable DeepRoute to accelerate the research and development of autonomous technologies for passenger vehicles.

“Our team is very excited about the most recent round of funding we have received and how these funds will help further the advancement of autonomous vehicles on our roads,” said Shuang Gao, Chief Operating Officer of DeepRoute. “Our ongoing research and development of industry technologies will continue to prioritise the safety and security of the public as we strive to bring full vehicle autonomy worldwide.”

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Photo by Colin Behrens from Pixabay.