Inceptio Technology completes US$270 million in financing, led by JD, Meituan, and PAG

Posted on Aug 4, 2021 in Editor’s Picks

SHANGHAI, Aug. 3, 2021 /PRNewswire/ — Inceptio Technology, an autonomous driving truck technology and operating company, announced the closing of a US$270 million Series B equity financing. This round of financing was jointly led by JD Logistics (02618.HK), Meituan (03690.HK), and PAG. Deppon Express (603056.SH), IDG Capital, CMB International, SDIC, Mirae Asset, Eight Roads, and Broad Vision Funds also participated in the investment, and the existing shareholders GLP Hidden Hill Capital, CATL (300750.SZ), NIO Capital and Eastern Bell Capital actively followed.