ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon PrintIcon Twitter
DealStreetAsia

Chinese self-driving startup hits $1bn valuation

Haomo.AI gets fresh money from Meituan and Qualcomm's VC arm

Chinese startup Haomo.AI will use the fresh capital to upgrade self-driving technology and build its talent pool. (Captured image from Haomo.AI website)

HONG KONG -- Beijing-based autonomous driving startup Haomo.AI has raised nearly 1 billion yuan ($156.9 million) in a Series A round of financing to reach unicorn status, with a valuation of over $1 billion, the startup announced Wednesday.

Hillhouse Capital's early-stage investment unit GL Ventures, food delivery giant Meituan, Qualcomm's venture capital arm Qualcomm Ventures, Shoucheng Holdings, a subsidiary of Chinese state-owned steelmaker Shougang Group and others also took part in the round.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Discover the all new Nikkei Asia app

  • Take your reading anywhere with offline reading functions
  • Never miss a story with breaking news alerts
  • Customize your reading experience

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more