Alliance Ventures invests in WeRide.ai for autonomous driving in China
Alliance Ventures has become the main strategic investor of WeRide.ai, the Chinese leader in the level 4 self-driving technology.
The one realized for the completion of the Series A funding of WeRide.ai represents for the Renault-Nissan-Mitsubishi strategic capital company the first investment made in China and is part of the Alliance Ventures strategy to support entrepreneurs and start-ups that present cutting-edge technologies of the next generation in the automotive sector.
Thanks to the support of Alliance Ventures, WeRide.ai will become the first Chinese start-up specialized in level 4 self-driving technology to receive investments and to create a strategic partnership with a global group of the automotive sector.
WeRide.ai plans to develop a fleet of 500 autonomous vehicles in 2019, which will cover 5 million kilometers away, and carry out production and marketing trials in Guangzhou and Anqing with the main partners.
Since launching the autonomous driving test operations in China, WeRide.ai vehicles have accumulated over 60,000 kilometers of total distance and served more than 3,000 passengers worldwide.