DeepWay, a Chinese developer of assisted-driving technology and freight solutions for heavy-duty electric trucks, has raised about RMB 1.2 billion (roughly $172–$173 million) in a Pre-IPO funding round as it prepares for a planned Hong Kong listing.
China Daily HK reported the round size at about RMB 1.2 billion and said the Anhui-based company filed for a Hong Kong IPO in November 2025, citing its prospectus. The same report said the investor group included Temasek-backed ABC Impact, Lenovo Capital, Puhua Capital, and battery maker Sunwoda, among others.
While DeepWay has not, in widely accessible public sources, posted a standalone English-language press release detailing the round, investor disclosures help corroborate participation. A Sunwoda regulatory filing from December 2025 discusses an investment into 深向科技股份有限公司 (DeepWay) via an affiliated entity, including a planned RMB 50 million subscription for shares, and notes Sunwoda’s subsidiary already held an equity stake.
The financing underscores continued investor appetite for electrification and autonomy in commercial trucking, even as capital markets remain selective. China Daily HK noted DeepWay develops assisted-driving technology for heavy-duty electric trucks and, per its prospectus, reported RMB 1.5 billion in revenue in the first half of 2025, though it was not yet profitable.
With fresh capital and a pre-IPO runway, DeepWay appears positioned to scale deployments, deepen its intelligent-driving capabilities, and strengthen its case with public-market investors ahead of a Hong Kong debut.
