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Didi mulls new funding for its autonomous driving arm

03/31/2021| 11:08:29 AM|

Didi Autonomous Driving is planning to raise as much as $500 million to accelerate mass production of its driverless vehicles.

Chinese ride-hailing giant Didi Chuxing appears to be launching a fundraising spree for its autonomous driving subsidiary in the hope of earning a position in a red-hot industry where self-driving vehicle startups are scrambling for fresh capital to support their technological ambitions.

Didi Autonomous Driving is planning to raise as much as $500 million at a valuation of nearly $6 billion to accelerate mass production of its driverless vehicles and invest in technologies like artificial intelligence chips. 

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TAGS: Didi | autonomous driving | ride-hailing | China
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