Hello Robotaxi raises approximately $100 million
The financing will support autonomous driving research and computing infrastructure.
Hello Robotaxi, the autonomous driving business operated by Shanghai Zaofu Intelligent Technology, completed approximately $100 million in financing, it announced on September 16. The transaction valued the business at nearly $3 billion.
The investor group includes CCV. The company plans to invest in driving-model research, AI computing capacity and data infrastructure as it develops its HR1 vehicle program and urban robotaxi services.
Use of funds
Autonomous driving research and development
AI computing and data infrastructure