DeepWay, a developer of intelligent new energy heavy-duty trucks and smart freight solutions, has closed the second tranche of its Pre-IPO financing, bringing the total raised in the Pre-IPO phase to $310 million ahead of a planned IPO. The latest tranche was led by Stone Venture, with participation from NGS Super and Xiamen Guosheng Fund, while existing investors including ABC Impact and Nanjing Ronghe Venture Capital increased their investment. The proceeds will support the company’s core operations, continued technology development, and global business expansion. The financing marks a notable vote of confidence from overseas strategic investors in the commercialization potential of intelligent electric trucking. DeepWay said the new investors bring not only capital, but also access to international business networks that can support its overseas growth in the years ahead. Founded in 2020, DeepWay focuses on forward-engineered electric heavy-duty trucks designed for commercial freight scenarios. The company says it is the first in China, and among the first globally, to develop and scale intelligent new energy heavy-duty truck solutions through a forward-engineering approach, rather than retrofitting legacy diesel truck platforms. By June 30, 2025, DeepWay had delivered approximately 6,400 vehicles, all from commercial orders. Its deliveries reached 509 units in 2023, 3,002 units in 2024, and 2,873 units in the first half of 2025, underscoring a rapid commercialization trajectory. The company’s trucks are built around a proprietary electric drivetrain and control architecture, with a focus on energy efficiency, total cost of ownership, and operational safety. DeepWay has also integrated its driver assistance technologies across its vehicle lineup. Its standard intelligent driving assistance system, Tianji Suixing, is designed to improve safety, reduce driver fatigue, and optimize energy consumption in long-haul freight operations. In higher-level autonomy, DeepWay has also been advancing Tianji Yanxing, its intelligent platooning transport system, with vehicles already in