When looking to buy a new car, the first thing you should look for is the manufacturer. For example, if you are going to buy a new car, you should look to see if it is based on the China-based Inceptio 270m series. This will help you avoid problems when purchasing the car.
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Inceptio Technology, based in Shanghai, is developing self-driving trucks for the Chinese market. The company intends to build a national network of self-driving trucks. This will help to improve driving safety, efficiency, and experience. It is also anticipated that it will reduce energy consumption. Inceptio is currently working with China’s largest original equipment manufacturers (OEMs) to develop the country’s first driverless heavy-duty trucks. Lidar, a camera, GPS/inertial measurement units, a gateway, a computing platform, and millimeter-wave radar are all part of Inceptio’s hardware suite.
Inceptio, based in China, has announced the completion of its latest round of funding, a US$270 million Series B equity investment round led by Chinese e-commerce platform operator Meituan and Wisconsin-based trucking firm JD Logistics. The funds will be used to accelerate the development of Xuanyuan, the company’s self-developed truck auto-driving system. Inceptio intends to begin mass production of self-driving trucks in 2021.
Inceptio Technology is led by ex-Google engineers such as Julian Ma, a former Tencent corporate vice president, and Ruigang Yang, a computer vision scientist who worked at Baidu Research in China. Inceptio’s founding team also includes Hong Kong billionaire Henry Cheng and William Li’s NIO Capital. The new funds will be used by Inceptio to support the deployment of electric trucks and the development of new self-driving systems.
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Inceptio Technology, based in Shanghai, China, is developing the next generation of self-driving trucks. To date, the company has raised $490 million in funding, including $165 million from JD Logistics, China’s largest retailer. Dongfeng Motor, the country’s largest automotive company, will also join in a multi-year partnership that will cover China’s major transit hubs and tier-two cities.
Warehousing and Distribution Services, Express and Freight Delivery Services, Smart City Solutions, Intelligent Transport Systems, and Mobile Payment and Financing are the company’s five business segments. More specifically, Inceptio’s offerings will revolve around two truck lines, one preloaded with the company’s Xuanyuan auto-driving platform and the other with an all-electric variant. It will be interesting to see how the company’s innovations affect China’s transportation industry.
One of the most significant accomplishments of the company is the development of a full stack self-developed truck auto-driving system. In addition, the company will introduce a new fleet of trucks equipped with a battery-swapping feature. The company has already demonstrated its wares at the World Artificial Intelligence Conference, and the first truck of its kind is expected to roll down the highway in the near future.
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Inceptio, which was founded in January of 2018, has received a lot of attention. Despite having its headquarters in California, the company has a significant presence in Shanghai. Other notable partners include Eight Roads, PAG, and Mirae Asset. The most recent round of funding for Inceptio totaled $270 million. The funds will be used to further the company’s research and development in the field of autonomous driving.
The company is no stranger to the spotlight, as its aforementioned robotruck division has been adopted by China’s leading shippers. Dongfeng Commercial Vehicle Co. recently provided the company with an A-sample. In addition, the company has made an effort to collaborate with Chinese heavy duty truck manufacturers like Sinotruk.
The company isn’t stopping there; by the end of the year, it plans to release a fully autonomous truck model. It has partnered with China National Heavy Duty Truck Group and Dongfeng Motor Corporation to help kickstart the development process. Unlike previous robotrucks, these vehicles will be built in the same standardised manner as modern trucks.
Although Inceptio is not the only company to capitalise on the autonomous truck concept, the company’s accomplishments in this field have been nothing short of impressive.
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Despite the fact that its self-developed autonomous driving system has not yet been officially launched, China-based Inceptio Technology recently closed a $270 million Series B funding round. The money will be used to fund research and development by the company, which has been collaborating with China’s leading OEMs to develop mass-produced autonomous trucks. It also intends to mass-produce a new series of self-driving trucks later this year.
This round of funding was led by the private equity firm PAG, with participation from Meituan and JD Logistics. Despite the fact that its corporate valuation has not been disclosed, the money raised was a positive sign for the company, which is working to develop an automated freight network. Deppon Express and IDG Capital were among the other investors.
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Inceptio, which was founded in 2016, recently completed a $270 million Series B financing round with Meituan. This is the third Series B round for the company since it launched its self-driving truck programme. In order to develop L3 heavy-duty trucks, the company has collaborated with Dongfeng Motor Commercial Vehicles, China National Heavy Duty Truck Group, and JD Logistics. These trucks will be capable of Level Three autonomy, and deliveries are expected to begin before the end of the year. The funds will be used by Inceptio to accelerate investment in electric trucks and expand internal research on self-driving systems.
Cameras, GPS/inertial measurement units, lidar, millimeter-wave radar, and a computing platform are among the hardware offerings from Inceptio Technology. In March 2021, Inceptio will launch its “Xuanyuan” autonomous driving system.
In March 2021, Inceptio will launch its “Xuanyuan” autonomous driving system. The funds raised in the Series B round will be used to expand Inceptio’s internal research on self-driving technologies.