# Waytous

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

- Industry: Transportation Services
- Headquarters: Qingdao, China
- Website: www.waytous.com
- Total disclosed funding: $92M
- Latest round: Series C (Jan 13, 2022)
- Investors on record: 13

## About

Established in 2014 and based in Qingdao, China, Waytous is an unmanned solution provider for mine transportation that focuses on the development of parallel driving products. In 2018, the company released parallel driving 3.0 and 3.1 systems. In 2019, the company released 5G parallel driving control center. The company has established subsidiaries in Beijing, Shenzhen and Ordos. In April 2025, Waytous closed a round of venture funding from new investor Ziyang Aero Investment Group.

The company engages in the development of parallel driving products. The company has developed Yugong, an independent and controllable parallel mine operating system. Based on Yugong system, the company has launched a series of products, including domain controller as arithmetic engine, communication terminal, anti-collision system, vehicle-road cooperation system, remote driving system, and mining L1 intelligent assisted driving system that assists in ensuring the safety of unmanned driving. The company's products can be used in coal, metallurgy, non-ferrous and cement industries. The company generates revenue primarily through the subscription and licensing fee of its mining solutions.

## Funding rounds

- Series C, Jan 13, 2022, $47M — China International Capital Corporation, BOC International, Yuexiu Industrial Investment Funds Management
- Series B, Aug 23, 2021, $31M — SAIF Partners, Zijin Venture Capital, China Reform Holdings, Sunrise Investment, Casia, ShangJin Capital
- Series A, Mar 5, 2020, $14M — Hina Group, Cathay Capital
- Series A, Jul 17, 2019 — Hina Group, SAIF Partners, Sigma Square Capital
- Angel, Dec 29, 2018 — CASH Capital

## Investors

- CASH Capital (https://capitalatlas.ai/funds/cash-capital) — Angel
- Hina Group (https://capitalatlas.ai/funds/hina-group) — Series A
- SAIF Partners (https://capitalatlas.ai/funds/saif-partners) — Series A, Series B
- Sigma Square Capital (https://capitalatlas.ai/funds/sigma-square-capital) — Series A
- Cathay Capital — Series A
- Zijin Venture Capital (https://capitalatlas.ai/funds/zijin-venture-capital) — Series B
- China Reform Holdings (https://capitalatlas.ai/funds/china-reform-holdings) — Series B
- Sunrise Investment — Series B
- Casia — Series B
- ShangJin Capital — Series B
- China International Capital Corporation (https://capitalatlas.ai/funds/china-international-capital-corporation) — Series C
- BOC International (https://capitalatlas.ai/funds/boc-international) — Series C
- Yuexiu Industrial Investment Funds Management (https://capitalatlas.ai/funds/yuexiu-industrial-investment-funds-management) — Series C