China self-driving firm DeepRoute raises $300 million from Alibaba, others

Beijing: Chinese autonomous driving startup DeepRoute.ai said on Tuesday it raised $300 million from investors including e-commerce company Alibaba to expand its test fleet and develop technologies including self-driving trucks.

Other investors in the funding round include Greater China-focused tech investor Jeneration Capital, Chinese automaker Geely and some previous investors, DeepRoute.ai said in a statement. It did not disclose its valuation.