WeRide closes $310M private financing at $3.3B post-money

May 13, 2021 · Funding · WeRide · Automotive

WeRide completed its Series C financing at a $3.3 billion post-money valuation and later disclosed $310 million across the same round.

The round established WeRide as a multi-billion-dollar Level 4 autonomy company before its later private financing steps and public listing.

WeRide company media
Company media · WeRide
  • The $310 million figure is the disclosed total for this Series C, not a separate later round.
  • IDG Capital, Homeric Capital, CoStone Capital, Cypress Star, Sky9 Capital and K3 Ventures joined alongside existing backers.
  • The capital supported Level 4 research, commercialization and expansion of WeRide's product portfolio.

WeRide develops autonomous-driving technology and commercial autonomous mobility products across robotaxi, robobus, robovan, robosweeper and ADAS use cases.