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- Deeproute
Deeproute Valuation, Funding & Investors
Deeproute is valued at $600M as of November 2024.
Last Deeproute valuation
$600M
Series C · Nov 2024
Last Deeproute funding round
$100M
Series C · Nov 2024
Cumulative funding Deeproute raised
$450M
across 3 funding rounds
Key investors in Deeproute
Yunqi Partners
Fosun RZ Capital
Alibaba Group
Green Pine Capital Partners
Glory Ventures
Ventech China
About Deeproute
DeepRoute.ai is a Shenzhen-based autonomous driving company that delivers mapless L4 solutions through its DeepRoute Driver series, including Driver 3.0 for point-to-point navigation. The firm partners with Chery Automobile to deploy robotaxis in Wuhu and integrates its technology into commercial vehicles from Dongfeng and FAW. Founded in 2019, DeepRoute.ai has conducted over 15 million kilometers of road testing across China and the US with zero accidents reported. Its stackless approach relies on end-to-end neural networks trained on proprietary data from daily operations in complex urban environments.
Founded
2019
HQ
Website
Status
Privately held
Customer focus
B2B
Revenue model
Licensing
Valuation
$600M (Nov 2024)
Deeproute Valuation
Deeproute is currently valued at $600M, based on its Series C in November 2024.
The $100M round was led by Great Wall Motors.
Deeproute's valuation has moved from $1B at its Series B in September 2021 to $600M in November 2024, across 2 priced rounds.
Deeproute valuation by funding round
| Date | Stage | Valuation |
|---|---|---|
| Nov 2024 | Series C | $600M |
| Sep 2021 | Series B | $1B |
Deeproute Funding History
Deeproute has raised a total of $450M across 3 funding rounds.
Deeproute's first fundraising round was a $50M seed round in September 2019. The most recent completed round was a $100M Series C in November 2024.
Deeproute funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Nov 2024 | Series C | Great Wall Motors (lead) | $100M | $600M | DeepRoute.ai is a Shenzhen-based autonomous driving technology startup founded in 2019, specializing in end-to-end smart driving systems that do not require HD maps, with deployments in production vehicles and robotaxi operations. The company announced a $100 million funding round on November 5, 2024, backed exclusively by Great Wall Motors, a major Chinese automaker, despite not publicly naming the investor initially. Funds will support development of vision-language-action (VLA) models, mass production projects in China, overseas expansion, robotaxi ventures using mass-produced vehicles, and recruitment of AI talent. DeepRoute operates 200 robotaxi vehicles across three Chinese cities with over 10 million kilometers driven accident-free and a 96% satisfaction rate, and plans to deploy its ADAS in 200,000 cars by end-2025, up from 20,000 currently. One source reports this as a Series C round at a $600 million valuation, though other reports label it C1 strategic funding without disclosing valuation, and investor details conflict with mentions of Alibaba and NIO Capital in that report. DeepRoute partners with NVIDIA for access to the Thor chip and collaborates with automakers on over ten models, with three consumer models launching by end-2024, including one co-owned by Geely and Mercedes-Benz. The investment signals confidence in DeepRoute amid challenges for autonomous driving firms, enhancing Great Wall Motors' ADAS capabilities to compete with leaders like Huawei, NIO, XPeng, Li Auto, Zeekr, Xiaomi, and Baidu. No sources provide revenue, ARR, or EBITDA figures using explicit terms like 'revenue' or 'ARR' near the round date. The round defies industry funding struggles, positioning DeepRoute for global robotaxi scaling without geofencing limitations and closer OEM ties. |
| Sep 2021 | Series B | Alibaba Group (lead); Jeneration Capital; Glory Ventures; Yunqi Partners; Fosun RZ Capital; Geely Auto | $300M | $1B | DeepRoute.ai, a Chinese autonomous driving technology company based in Fremont, California, announced $300 million in total funding as of September 2021, with investors including Alibaba Group, Fosun RZ Capital, Geely Auto Group, Glory Ventures, Jeneration Capital, and Yunqi Partners. The company develops autonomous driving technology for both robotaxi services (DeepRoute-INJOY) and medium-duty trucks (DeepRoute-LINK), with operations in Wuhan and Shenzhen where it had logged over 1.2 million miles on public roads and received a Passenger Carry Permit from the California Public Utilities Commission in June 2021. By September 2021, DeepRoute.ai aimed to scale its robotaxi fleet to over 150 vehicles by year-end, with approximately 100 vehicles operated by the company itself. |
| Sep 2019 | Seed | Fosun RZ Capital (lead); Yunqi Partners (lead); GoldenSand Capital; Ventech China; Green Pine Capital Partners | $50M | - | - |
Who has invested in Deeproute?
10 investors have backed Deeproute across its funding rounds, including Yunqi Partners, Fosun RZ Capital, Alibaba Group, Green Pine Capital Partners, Glory Ventures and Ventech China.
Lead investors include Great Wall Motors, Alibaba Group, Fosun RZ Capital and Yunqi Partners.
Deeproute Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 2 | Lead | Sep 2019 | ||
| 2 | Lead | Sep 2019 | ||
| 1 | Participant | Sep 2019 | ||
| 1 | Participant | Sep 2019 | ||
| 1 | Participant | Sep 2021 | ||
| 1 | Lead | Nov 2024 | ||
| 1 | Participant | Sep 2021 | ||
| 1 | Lead | Sep 2021 | ||
This data is available for Pro users. Sign up to see all 10 Deeproute investors. Start Free Trial | ||||
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
Sign up to see data on 350K+ funding rounds and disclosed revenue and EBITDA valuation multiples, from seed, through growth stage, to pre-IPO.
Start Free TrialDeeproute Competitors
Deeproute competitors include listed companies like Kodiak AI and Cidi, and private ones like Helm.ai, Roadstar.ai, Sarborg and Replicant.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | - | - | $431M | - | ||
| Private | - | - | $600M | - | ||
| Private | - | - | $575M | - | ||
| Private | - | - | $550M | - | ||
| Publicly listed | $4M | ($577M) | $768M | 98.7x | ||
| Publicly listed | $132M | ($155M) | $1.3B | 5.0x |
Deeproute Public Comps
Deeproute is still privately-owned, but its public comps include Unisound Ai Technology, PKSHA Technology, Reconova Technologies, ExaWizards, Shenzhen Sunwin, Beijing Hanyi Innovation, People & Technology, Beijing Deep Glint Tech, Yidu Tech and Elsight.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $181M | ($22M) | 3.0x | 2.1x | (24.5x) | (36.1x) | |||
| $140M | $47M | 4.1x | 2.4x | 12.2x | 10.7x | |||
| $66M | ($8M) | 10.0x | - | (82.0x) | - | |||
| $77M | $13M | 6.6x | 5.7x | 39.3x | - | |||
| $20M | ($147M) | 37.7x | - | (5.0x) | - | |||
| $28M | $5M | 15.6x | 13.9x | 89.9x | 50.9x | |||
| $542M | $77M | 1.2x | 1.2x | 8.8x | 11.5x | |||
| $23M | ($29M) | 25.1x | 8.7x | (19.8x) | (80.2x) | |||
This data is available for Pro users. Sign up to see all Deeproute competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Deeproute
| When was Deeproute founded? | Deeproute was founded in 2019. |
| Where is Deeproute headquartered? | Deeproute is headquartered in Shenzhen, China. |
| Is Deeproute publicly listed? | No, Deeproute is a private, VC-backed company. |
| What is Deeproute's valuation? | Deeproute was last valued at $600M in its Series C in November 2024. |
| How much funding has Deeproute raised? | Deeproute has raised $450M across 3 funding rounds. |
| What was Deeproute's last funding round? | Deeproute's last funding round was a $100M Series C in November 2024, led by Great Wall Motors. |
| Who are Deeproute's investors? | Deeproute's investors include Yunqi Partners, Fosun RZ Capital, GoldenSand Capital, Ventech China, Jeneration Capital, Great Wall Motors, Glory Ventures, Alibaba Group, Geely Auto and Green Pine Capital Partners. |
| Which companies are comparable to Deeproute? | Companies comparable to Deeproute include Helm.ai, Roadstar.ai, Sarborg, Replicant, Kodiak AI and Cidi. |
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