- DeepWay has expanded pre-IPO funding round, bringing the total raised in latest round to over $310 million. - The deal marks one of the largest single funding rounds in China's autonomous heavy-duty truck sector in the past five years. DeepWay Technology expanded its pre-IPO funding round, bringing the total capital raised in this round to more than $310 million, according to a company press release on Tuesday. The deal ranks as one of the largest single funding rounds in China's autonomous heavy-duty truck industry over the past five years, providing a fresh financial buffer for the Chinese truck tech company as it sprints toward public markets. The latest capital injection was led by UAE-based Stone, with participation from Australian superannuation fund NGS Super and Xiamen Guosheng Fund. Existing shareholders, including ABC Impact and Nanjing Ronghe Capital, also increased their stakes. The expanded round builds on the company's previously completed 1.177 billion yuan ($173 million) pre-IPO financing. The new funds will primarily be used for the research and development of autonomous driving technology and the commercialization of unmanned freight robots in the global market, according to the company. DeepWay said the significance of this funding goes beyond the dollar amount, as the addition of three overseas investors provides network resources across the Middle East, Australia, Southeast Asia, and parts of the European and US markets. This makes the company's 2026 overseas commercialization plans more actionable, it said. Founded in 2020, DeepWay develops new-energy heavy-duty trucks, advanced driver-assistance systems, and freight solutions. The company filed for a Hong Kong initial public offering in November 2025, seeking to raise capital in the public markets for its next phase of expansion. According to its prospectus, DeepWay reported revenue of 1.5 billion yuan in the first half of 2025, though it has yet to