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DeepRoute raises 0 million to beat Tesla’s FSD in China
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DeepRoute raises $100 million to beat Tesla’s FSD in China

DeepRoute.ai, a Shenzhen-based autonomous driving technology startup, has raised $100 million from an unidentified Chinese automaker. The company aims to obtain its automated driving systems in as many vehicles in China before Tesla takes off next year, according to a Reuters report.

China has lifted some restrictions on Tesla vehicles in April, paving the way for the automaker to launch its advanced driver assistance system called Full Self-Driving (FSD) in China. Tesla announced in September its intention to deploy FSD in China and Europe in the first quarter of 2025.

Alibaba-backed DeepRoute is now working to introduce its own ADAS in about 200,000 cars in China by the end of 2025, CEO Maxwell Zhou told Reuters. This represents a 10-fold increase compared to the 20,000 vehicles in which its technology is deployed today.

The first vehicle model equipped with the DeepRoute system, which has not yet been made public, was launched in August. Zhou said the technology would be available on two additional models, including one co-owned by Geely and Mercedes-BenzThis year.

DeepRoute charges automakers a per-car technology licensing fee and collects data that it uses to train its AI to handle more complex traffic situations.