T2 Funding, Investors & Competitors
T2 has raised $102M across 5 funding rounds, most recently a $31M Series B in July 2026.
Last T2 funding round
$31M
Series B · Jul 2026
Cumulative funding T2 raised
$102M
across 5 funding rounds
Key investors in T2
Energy & Environment Investment
Mitsui Sumitomo Insurance Company
Mitsui-Soko Holdings
Usami Koyu
Global Brain Corporation
KDDI
Japan Post Capital
Mitsubishi Estate
About T2
T2 develops autonomous driving technology specifically for commercial trucks and operates highway transport services powered by Level 2 autonomy while targeting Level 4 deployment. Key components of its platform include advanced object recognition algorithms, precise position estimation systems, and sophisticated vehicle control mechanisms. The company integrates these technologies to enable safe, efficient long-haul trucking on major highways across China.
Founded
2022
HQ
Website
Status
Privately held
Customer focus
B2B
Revenue model
Services, Subscription
T2 Funding History
T2 has raised a total of $102M across 5 funding rounds.
T2's first fundraising round was a $9M seed round in June 2023. The most recent completed round was a $31M Series B in July 2026.
T2 funding rounds
| Date | Stage | Investors | Raised | Deal Summary |
|---|---|---|---|---|
| Jul 2026 | Series B | Global Brain Corporation; Sumitomo Warehouse Co; MLC Ventures; K4 Ventures; Life Design Fund; Kuribayashi Steamship; Fujitrans; Sumitomo Mitsui Auto Service; Yoshida Kaiun; MOL PLUS; Daiwa House Ventures | $31M | T2 raised approximately JPY 5,000 million in the first close of its Series B round on July 21, 2026, through a third-party allotment of convertible preferred stock to 11 investors, including Daiwa House Ventures via the Daiwa House Group Co-Creation and Coexistence No. 1 Investment Limited Partnership. The round brought T2’s cumulative funding to over JPY 16,500 million, and an additional close is planned within fiscal 2026. The financing supports T2’s push to scale Level 4 autonomous long-haul trucking services in Japan, following its recent 500 km autonomous truck demonstration on the Kanto-Kansai highway corridor. T2’s investor base is heavily strategic, spanning shipping, warehousing, leasing, real estate, and energy groups, which aligns with its goal of commercializing trunk-route freight transport using autonomous driving technology. T2 is a Tokyo-based autonomous trucking company focused on trunk transportation services using Level 4 autonomous driving trucks. Its disclosed shareholders include multiple logistics, industrial, and corporate venture backers, reflecting a supply-chain-oriented commercial model and a partnership-driven expansion strategy. The company reported the 500 km highway demonstration and the Series B first-close funding in July 2026. |
| Aug 2025 | Series B | Mitsubishi Estate; Fukuyama Transporting; Japan Post Capital; Suzuyo; Mitsui Sumitomo Insurance Company; Energy & Environment Investment; Mitsui-Soko Holdings; NX TC Lease & Finance; Usami Koyu | $34M | - |
| Oct 2023 | Series A | Energy & Environment Investment (lead); Valuechain Innovation Fund (lead) | $5M | - |
| Aug 2023 | Series A | KDDI; Daiwa Logistics; Mitsui Sumitomo Insurance Company; JA Mitsui Leasing; Mitsui-Soko Holdings; MS&AD Insurance Group; Usami Koyu; Kiyo Capital Management; Sumitomo Mitsui Trust Bank; Toho Acetylene | $24M | - |
| Jun 2023 | Seed | - | $9M | - |
Who has invested in T2?
28 investors have backed T2 across its funding rounds, including Energy & Environment Investment, Mitsui Sumitomo Insurance Company, Mitsui-Soko Holdings, Usami Koyu, Global Brain Corporation and KDDI.
Lead investors include Energy & Environment Investment and Valuechain Innovation Fund.
T2 Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 2 | Participant | Aug 2023 | ||
| 2 | Lead | Oct 2023 | ||
| 2 | Participant | Aug 2023 | ||
| 2 | Participant | Aug 2023 | ||
| 1 | Participant | Jul 2026 | ||
| 1 | Participant | Jul 2026 | ||
| 1 | Participant | Jul 2026 | ||
| 1 | Participant | Jul 2026 | ||
| 1 | Participant | Jul 2026 | ||
| 1 | Participant | Aug 2025 | ||
| 1 | Participant | Jul 2026 | ||
| 1 | Lead | Oct 2023 | ||
| 1 | Participant | Aug 2025 | ||
This data is available for Pro users. Sign up to see all 28 T2 investors. Start Free Trial | ||||
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Start Free TrialInvestments by T2
T2 has invested in 1 company to date.
Latest investment by T2 was on July 28th 2025. T2 invested in Sawt in their $1M Pre-seed round.
Latest Investments by T2
| Description | Sawt is a Riyadh-based startup developing AI-powered voice call systems for businesses in the Middle East. Its platform automates customer interactions with natural language processing for Arabic dialects, handling sales, support, and surveys via phone. Launched in 2023, Sawt integrates with CRMs like Salesforce and telephony providers such as Twilio, serving e-commerce and telecom clients. The system reduces call center costs by 70% through virtual agents trained on regional accents and cultural nuances. |
| HQ Country | |
| HQ City | Riyadh |
| Deal Date | 28 Jul 2025 |
| Round | Pre-seed |
| Raised | $1M |
| Investors | STV |
| Valuation | undisclosed |
| EV/Revenue | |
| EV/EBITDA | |
This data is available for Pro users. Sign up to see all T2 investments and their VC round multiples. Start Free Trial | |
T2 Competitors
T2 competitors include listed companies like EquipmentShare.com and Wuxi Boton Technology, and private ones like UISEE, TuSimple, Gatik and Glydways.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | - | - | $1.1B | - | ||
| Private | - | - | $1B | - | ||
| Private | - | - | $700M | - | ||
| Private | - | - | $700M | - | ||
| Publicly listed | $4.4B | $704M | $4.6B | 1.8x | ||
| Publicly listed | $516M | $55M | $1.3B | - |
T2 Public Comps
T2 is still privately-owned, but its public comps include Tesla, General Motors, Roper Technologies, Dassault Systemes, SAIC Motor, Aurora Innovation, Manhattan Associates, XPENG, Full Truck Alliance and WiseTech Global.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $95B | $10B | 15.0x | 13.8x | 140.8x | 97.4x | |||
| $185B | $15B | 1.0x | 1.0x | 12.1x | 8.5x | |||
| $7.9B | $3.2B | 6.1x | 5.7x | 15.2x | 14.6x | |||
| $7.2B | $2.2B | 4.0x | 4.0x | 13.2x | 11.2x | |||
| $98B | $7.1B | 0.1x | 0.1x | 1.5x | 2.3x | |||
| $3M | ($786M) | 3957.3x | 1040.1x | (15.1x) | (15.5x) | |||
| $1.1B | $288M | 11.2x | 10.6x | 42.2x | 29.7x | |||
| $11B | $156M | 1.1x | 1.0x | 80.6x | (74.9x) | |||
This data is available for Pro users. Sign up to see all T2 competitors and their valuation data. Start Free Trial | ||||||||
Common questions about T2
| When was T2 founded? | T2 was founded in 2022. |
| Where is T2 headquartered? | T2 is headquartered in Tokyo, Japan. |
| Is T2 publicly listed? | No, T2 is a private, VC-backed company. |
| How much funding has T2 raised? | T2 has raised $102M across 5 funding rounds. |
| What was T2's last funding round? | T2's last funding round was a $31M Series B in July 2026. |
| Who are T2's investors? | T2's investors include Mitsui Sumitomo Insurance Company, Energy & Environment Investment, Mitsui-Soko Holdings, Usami Koyu, Global Brain Corporation, Sumitomo Warehouse Co, MLC Ventures, K4 Ventures, Life Design Fund, Mitsubishi Estate and 18 others. |
| Which companies are comparable to T2? | Companies comparable to T2 include UISEE, TuSimple, Gatik, Glydways, EquipmentShare.com and Wuxi Boton Technology. |
| How many companies has T2 invested in? | T2 has invested in 1 company, including Sawt. |
| What was T2's last investment? | In July 2025, T2 invested in Sawt's $1M pre-seed round alongside STV. |
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