Inceptio Technology Funding, Investors & Competitors

Inceptio Technology has raised $678M across 4 funding rounds, most recently a $188M Series B in February 2022.

Last Inceptio Technology funding round

$188M

Series B · Feb 2022

Cumulative funding Inceptio Technology raised

$678M

across 4 funding rounds

Key investors in Inceptio Technology

  • Meituan
  • NIO Capital
  • G7
  • HSG
  • Eight Roads Ventures
  • Legend Capital
  • GLP
  • PAG

Inceptio Technology Overview

About Inceptio Technology

Inceptio Technology is a Shanghai-headquartered autonomous trucking company founded in 2018 transforming long-haul freight logistics. The firm operates a nationwide network of Level 4 self-driving heavy-duty trucks powered by AI, new energy systems, and big data analytics. R&D centers in Shanghai and Silicon Valley support deployments serving Chinese logistics firms with safer, more efficient transport-as-a-service.


Founded

2018

HQ

ChinaShanghai

Status

Privately held

Customer focus

B2B

Revenue model

Services

Inceptio Technology Funding History

Inceptio Technology has raised a total of $678M across 4 funding rounds.

Inceptio Technology's first fundraising round was a $100M Series A in April 2020. The most recent completed round was a $188M Series B in February 2022.

Inceptio Technology funding rounds

Inceptio Technology funding rounds
DateStageInvestorsRaisedDeal Summary
Feb 2022Series BHSG (lead); Legend Capital (lead); Chow Tai Fook; Cedarlake Capital; Meituan; Broad Vision Funds; Wuchan Zhongda Group Co; Eight Roads Ventures; NIO Capital$188MInceptio Technology is an autonomous driving truck technology and operation company developing the full-stack autonomous driving system 'Xuanyuan'. On February 28, 2022, it completed a US$188 million Series B+ equity financing round jointly led by Legend Capital and HSG (HongShan), with participation from Broad Vision Funds, Cedarlake Capital, Chow Tai Fook, Eight Roads Ventures, Meituan, NIO Capital, and Wuchan Zhongda Group. The financing proceeds are designated for advancing Inceptio's self-developed Xuanyuan system, mass production of autonomous trunks with OEM partners, and expanding into electrification. By end-2021, the company had achieved front-loading mass production of Level 3 (L3) autonomous driving trucks through OEM collaborations. Legend Capital highlighted Inceptio's 'technology + operation' strategy, strong execution, and potential as a pioneer in self-driving trucks, drawing from their portfolio in autonomous driving including Horizon Robotics, Pony.ai, and others.
Aug 2021Series BJD Logistics (lead); Meituan (lead); PAG (lead)$270MInceptio Technology, a Shanghai-based autonomous driving truck technology and operating company, completed a US$270 million Series B equity financing on August 3, 2021, jointly led by JD Logistics, Meituan, and PAG, with participation from Deppon Express, IDG Capital, CMB International, SDIC, Mirae Asset, Eight Roads, Broad Vision Funds, and existing investors including GLP Hidden Hill Capital, CATL, NIO Capital, and Eastern Bell Capital. The funding, which brought the company's total capital raised to over $490 million since its 2018 founding, will accelerate development of its proprietary full-stack autonomous driving system 'Xuanyuan' and expand electrification efforts, including mass production of L3/L4 autonomous heavy-duty trucks developed with leading Chinese OEMs like DongFeng. Inceptio focuses on L3 and L4 autonomous driving for intercity logistics on open roads, providing transportation asset services to improve safety, efficiency, and reduce energy consumption, with its freight network adopted by top shippers and fleets. Customers include Budweiser, Nestlé, JD Logistics, and Deppon Express, and the company has obtained public road-testing permits for driverless heavy-duty trucks in China. It equips trucks from OEMs with its technology and sells them to clients while exploring additional OEM partnerships and international expansion to Japan, the Middle East, and Southeast Asia. The round highlights strong interest from Chinese tech giants JD and Meituan, unusual for co-leading the same investment, positioning Inceptio as a key player in autonomous trucking amid slower industry progress. The broader market is growing, with China's autonomous driving sector projected to exceed 235 billion yuan in 2021, alongside competitors like those backed by Alibaba's Cainiao and others raising significant funds.
Nov 2020Undisclosed stageCATL (lead); NIO Capital; G7$120MInceptio Technology, founded in April 2018, is a leading autonomous truck company focused on transforming line-haul logistics through its 'Technology + Operations' business model. The company partners with Dongfeng Commercial Vehicles and SINOTRUK to develop Level 3 autonomous heavy-duty trucks, with volume production expected by the end of 2021. It has built a commercial network with over 100 logistics clients signed and features a self-developed full-stack autonomous driving system with ultra-long-range 3D perception and an on-board computing platform of 245 tera operations per second, supporting homegrown AI chips. On November 9, 2020, Inceptio announced a US$120 million funding round led by Contemporary Amperex Technology Co., Limited (CATL), with participation from key strategic investors GLP, G7, and NIO Capital. This was the company's second capital raise in six months, following a US$100 million round in April 2020. The funds aim to accelerate volume production and commercialization of Level 3 autonomous trucks and strengthen its leadership in China's autonomous driving truck industry. Inceptio is working with strategic investors toward a vision of 'Autonomous Driving + Clean Energy + Asset Service' to build the next generation of Transportation as a Service (TaaS) network.
Apr 2020Series AGLP; G7$100MInceptio Technology, a leading Chinese autonomous truck startup, raised US$100 million in April 2020 from investors including logistics firm GLP and key strategic investor G7. This Series A round preceded a follow-on US$120 million raise in November 2020 led by CATL, with participation from GLP, G7, and NIO Capital. The funds supported acceleration of Level 3 autonomous heavy-duty truck production and commercialization, aiming to build a nationwide TaaS network combining autonomous driving, clean energy, and asset services. Inceptio develops a full-stack autonomous driving system with advanced 3D perception and an on-board computing platform delivering 245 TOPS, emphasizing functional safety and support for domestic AI chips. By late 2020, the company had signed over 100 logistics clients and partnered with truck makers like Dongfeng Motor and Sinotruk. It originated as a 2018 joint venture between G7, GLP, and NIO Capital focused on truck autonomous tech, later attracting investments from Meituan and JD.com. The startup competes in China's autonomous trucking sector against players like TuSimple (partnered with Volkswagen's Traton) and Pony.ai (with FAW and Toyota backing), targeting highway predictability for earlier adoption over urban passenger vehicles.

Who has invested in Inceptio Technology?

14 investors have backed Inceptio Technology across its funding rounds, including Meituan, NIO Capital, G7, HSG, Eight Roads Ventures and Legend Capital.

Lead investors include HSG, Legend Capital, JD Logistics, Meituan, PAG and 1 other investor.


Inceptio Technology Investors

Investors in Inceptio Technology by funding rounds participated
InvestorHQRoundsRoleFirst check
MeituanChinaBeijing2LeadAug 2021
NIO CapitalChinaShanghai2ParticipantNov 2020
G7ChinaBeijing2ParticipantApr 2020
Chow Tai FookHong KongHong Kong1ParticipantFeb 2022
Cedarlake CapitalChinaShanghai1ParticipantFeb 2022
Broad Vision FundsChinaBeijing1ParticipantFeb 2022
PAGJapanTokyo1LeadAug 2021
GLPSingaporeSingapore1ParticipantApr 2020
CATLChinaNingde1LeadNov 2020
Wuchan Zhongda Group CoChinaHangzhou1ParticipantFeb 2022
Eight Roads VenturesUnited KingdomLondon1ParticipantFeb 2022
Legend CapitalChinaBeijing1LeadFeb 2022

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Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples

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Inceptio Technology Competitors

Inceptio Technology competitors include listed companies like UBtech Robotics and Tesla, and private ones like Dexterity, Nuro, Didi Woya and Momenta.

Public and private companies comparable to Inceptio Technology
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
UBtech RoboticsChinaChinaPublicly listed$298M($108M)$5.1B9.5x
DexterityUnited StatesSan Francisco, CAPrivate--$1.4B-
NuroUnited StatesSan Francisco, CAPrivate--$6B-
Didi WoyaChinaBeijingPrivate--$5B-
MomentaChinaBeijingPrivate$76M-$5B-
TeslaUnited StatesUnited StatesPublicly listed$95B$10B$1.4T13.8x

Inceptio Technology Public Comps

Inceptio Technology is still privately-owned, but its public comps include Tesla, Stryker, UPS, Canadian National Railway, FedEx, Deutsche Post, Maersk, DSV, Adani Ports & Special and Poste Italiane.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Tesla$95B$10B15.0x13.8x140.8x97.4x
Stryker$25B$6.3B4.7x4.5x18.8x15.6x
UPS$89B$12B1.2x1.2x9.2x8.8x
Canadian National Railway$12B$6.5B7.2x6.8x13.6x13.9x
FedEx$95B$11B1.1x1.1x9.5x9.9x
Deutsche Post$95B$13B1.0x1.0x7.8x7.4x
Maersk$54B$10B1.1x1.0x5.9x5.4x
DSV$38B$3.6B1.6x1.3x16.4x11.5x

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Common questions about Inceptio Technology

When was Inceptio Technology founded?Inceptio Technology was founded in 2018.
Where is Inceptio Technology headquartered?Inceptio Technology is headquartered in Shanghai, China.
Is Inceptio Technology publicly listed?No, Inceptio Technology is a private, VC-backed company.
How much funding has Inceptio Technology raised?Inceptio Technology has raised $678M across 4 funding rounds.
What was Inceptio Technology's last funding round?Inceptio Technology's last funding round was a $188M Series B in February 2022, led by HSG and Legend Capital.
Who are Inceptio Technology's investors?Inceptio Technology's investors include Meituan, NIO Capital, G7, Chow Tai Fook, Cedarlake Capital, Broad Vision Funds, PAG, GLP, CATL, Wuchan Zhongda Group Co and 4 others.
Which companies are comparable to Inceptio Technology?Companies comparable to Inceptio Technology include UBtech Robotics, Dexterity, Nuro, Didi Woya, Momenta and Tesla.

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