Investors are showing confidence in the ambitions of Chinese autonomous driving startup AutoX, as the company has raised tens of millions of dollars in pre-B fundraising earmarked for trialing its first vehicle in China.
The Shenzhen-headquartered firm plans to officially launch its RoboTaxi, made in tandem with European counterpart Fiat Chrysler Automobiles, through large-scale trials in Shanghai and Shenzhen this year, the report said.
AutoX revealed the car, China’s first “hardware-ready” driverless cab, at CES Las Vegas last week. FCA will support the vehicle’s rollout, connect with AutoX’s driverless interface and provide any other necessary services, the report added, saying FCA will also use AutoX tech in countries and regions outside China.
AutoX is one of few companies in China to produce self-driving technology that can operate under complicated road conditions and began trialing its cars in Shenzhen in 2018, the report said.
It has also put its tech in cars made by several other Chinese carmakers, including state-owned Dongfeng Motor, SAIC Motor, and Chery Automobile, and Great Wall Motor and BYD.
Founded in 2016, AutoX has received funds from the likes of Capital Today, MediaTek and SAIC Motor, and secured tens of millions of dollars in A3 funding from Dongfeng Motor in April. It also plans to raise more cash in an upcoming B round, founder Xiao Jianxiong said.