# Deepway

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/deepway

- Industry: Automobiles, Other Vehicles & Parts
- Headquarters: Hefei, China
- Website: www.deepway.com
- Total disclosed funding: $282M
- Latest round: Series B (Dec 26, 2024)
- Investors on record: 15

## About

Based in Shenzhen, China and founded in 2020, DeepWay Technology Co., Ltd., dba Deepway, operates as an automobile manufacturing company that focuses on the production and sales of intelligent new energy trucks. It was recognized as the National High-tech Enterprise. The chairman and CEO, Jun Wan, is the founder of Lionbridge Group. Deepway was jointly built by Baidu and Lionbridge. In July 2022, the company launched the first body-in-white truk. In April 2026, Deepway raised over USD 310 million in Pre-IPO funding led by Stone Ventures, with participation from ABC Impact, NGS Super, Guosheng Fund, Nanjing Ronghe Venture Capital.

The company's new energy trucks adopt the concept and structure of distributed drive, low wind resistance, battery-chassis integration and modular design of hydrogen-electric same platform and is equipped with L3 level of assisted driving. DeepWay's first intelligent new energy heavy truck adopts three modes, including charging, power exchange and hydrogen energy. Under the charge and exchange mode, the vehicle can have a range of 300 km under a full load of 49 tons. DeepWay's first product, DeepWay Star, is equipped with DeepWay's self-developed HIS system, which meets the demand for large-scale commercial mass production of L3-level autonomous driving and can accumulate data to help iterate to L4. The company generates revenue by selling intelligent new energy trucks.

The company generates revenue by selling intelligent new energy trucks and developing auto-driving AI.

## Funding rounds

- Series B, Dec 26, 2024, $103M — Puhua Capital, Anhui Zhongan Capital Management, Feixi Urban and Rural Construction Investment, Hefei State-Owned Assets Holding, CCB Trust, Zhongwan Capital
- Series A, Mar 28, 2023, $112M — Qiming Venture Partners, SB China Venture Capital, Weiqiao Pioneering
- Series A, Aug 23, 2022, $67M — Qiming Venture Partners, BOCOM International Asset Management, Huagai Capital, Lenovo Capital and Incubator Group, TH EDU Capital, CCB Trust, CETC Fund, Vlight Capital

## Investors

- Qiming Venture Partners (https://capitalatlas.ai/funds/qiming-venture-partners) — Series A
- BOCOM International Asset Management (https://capitalatlas.ai/funds/bocom-international-asset-management) — Series A
- Huagai Capital (https://capitalatlas.ai/funds/huagai-capital) — Series A
- Lenovo Capital and Incubator Group (https://capitalatlas.ai/funds/lenovo-capital-and-incubator-group) — Series A
- TH EDU Capital (https://capitalatlas.ai/funds/th-edu-capital) — Series A
- CCB Trust — Series A, Series B
- CETC Fund (https://capitalatlas.ai/funds/cetc-fund) — Series A
- Vlight Capital (https://capitalatlas.ai/funds/vlight-capital) — Series A
- SB China Venture Capital (https://capitalatlas.ai/funds/sb-china-venture-capital) — Series A
- Weiqiao Pioneering — Series A
- Puhua Capital (https://capitalatlas.ai/funds/puhua-capital) — Series B
- Anhui Zhongan Capital Management (https://capitalatlas.ai/funds/anhui-zhongan-capital-management) — Series B
- Feixi Urban and Rural Construction Investment — Series B
- Hefei State-Owned Assets Holding (https://capitalatlas.ai/funds/hefei-state-owned-assets-holding) — Series B
- Zhongwan Capital (https://capitalatlas.ai/funds/zhongwan-capital) — Series B