Chinese robotaxi unicorn WeRide bags over $600M in 5 months – TechCrunch

It's hard to keep up with the fundraising spree in China's autonomous driving industry these days. Guangzhou- and California-based robotaxi company WeRide, which counts Renault-Nissan-Mitsubishi Alliance as one of its strategic investors, has raised over $600 million in just under five months from its Series B and C financing rounds. The four-year-old upstart said in May that its valuation leaped to $3.3 billion in its Series C fundraising. WeRide has kept details of the backing to itself until today when it disclosed the investment was a lofty sum of $310 million from Alliance Ventures, a strategic venture capital fund operated by Renault-Nissan-Mitsubishi, China Structural Reform Fund, a Chinese state-owned private equity fund, and Pro Capital, which manages China's CDB Equipment Manufacturing Funds. It's unclear how much WeRide has raised since its inception as some of its investments were undisclosed.