# AutoX Technologies

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/autox-technologies

- Industry: Software
- Headquarters: Shenzhen, China
- Website: www.autox.ai
- Total disclosed funding: $223M
- Latest round: Series B (Jun 9, 2021)
- Investors on record: 10

## About

AutoX Technologies, Inc., based in Shenzhen, China, focuses on developing autonomous driving solutions, including self-driving vehicles and services designed for urban transportation and logistics.Founded in 2016, AutoX Technologies, Inc. specializes in autonomous driving technology. The company was co-founded by Ben Cornelius and Jianxiong Xiao. AutoX has been involved in 7 funding rounds, with the most recent deal occurring on June 9, 2021, when it raised USD 80 mn in Series B funding from Forest Partners. The headquarters is located in Shenzhen, China, known for its rapid technological advancements.AutoX specializes in autonomous driving technology, offering self-driving vehicles and associated services. Its flagship product is the RoboTaxi service, aimed at providing safe urban transportation. The company also delivers autonomous solutions for logistics, enhancing last-mile delivery through its advanced Gen5 hardware platform, which efficiently navigates complex urban traffic.AutoX generates revenue through partnerships and agreements with municipalities and businesses that utilize its autonomous vehicle technology. Clients pay for services based on operational use, either through B2B collaborations for logistics integration or direct consumer access via a mobile app for RoboTaxi services. Specific pricing details are not publicly disclosed.In June 2021, AutoX Technologies, Inc. raised USD 80 mn in Series B funding to expedite the commercialization of its self-driving trucks and taxis. The company aims to expand its offerings and enter new urban markets across China and potentially globally by 2022, leveraging the recent funding to enhance product development and deployment.

## Funding rounds

- Series B, Jun 9, 2021, $80M — Forest Partners
- Series A, Sep 16, 2019, $100M — Dongfeng Motor Group, Alibaba Entrepreneurs Fund, Plug and Play, Hong Kong Science & Technology Parks Corporation
- Series A, Jan 1, 2017, $43M — Capital Today, ZhenFund, DHVC, MediaTek, SAIC Capital
- Seed, Aug 30, 2016, $0.1M — ZhenFund

## Investors

- ZhenFund (https://capitalatlas.ai/funds/zhenfund) — Seed, Series A
- Capital Today (https://capitalatlas.ai/funds/capital-today) — Series A
- DHVC (https://capitalatlas.ai/funds/dhvc) — Series A
- MediaTek — Series A
- SAIC Capital (https://capitalatlas.ai/funds/saic-capital) — Series A
- Dongfeng Motor Group — Series A
- Alibaba Entrepreneurs Fund (https://capitalatlas.ai/funds/alibaba-entrepreneurs-fund) — Series A
- Plug and Play (https://capitalatlas.ai/funds/plug-and-play) — Series A
- Hong Kong Science & Technology Parks Corporation — Series A
- Forest Partners (https://capitalatlas.ai/funds/forest-partners) — Series B