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The first hundred-billion-dollar unicorn in autonomous freight transportation is born
Autonomous driving technology company Jiushi Intelligence recently completed a new round of funding exceeding $300 million, becoming the world’s first unicorn in the RoboVan field with a valuation of over 10 billion RMB. The current investors include major industry players, multiple first-tier city government funds, and market-oriented USD and RMB investment institutions. Previously, Jiushi merged its autonomous vehicle business with Cainiao’s unmanned vehicle division. After the integration, Jiushi Intelligence operates both Jiushi and Cainiao unmanned vehicle brands. The RoboVan fleet exceeds 20,000 vehicles, covering over 300 cities across 20 countries worldwide, ranking first globally. (Science and Technology Innovation Board Daily)