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Chinese autonomous driving company revs up funding

Trunk Tech to develop, mass-produce next-generation self-driving trucks

Chinese startup Trunk Tech has raised over $30 million to accelerate its self-driving truck business. (Photo courtesy of the company)

BEIJING -- Trunk Tech, a Chinese startup developing autonomous driving technology, has raised over $30 million from Yuexiu Industry Investment Fund, ZWC Partners and BHCP.

Trunk Tech was founded in March 2017 and raised money in an angel funding round later that year. The company also raised funds from investors, including RBVC, the venture capital division of Germany's Bosch Group, in a Series A+ round in 2019.

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