China’s robotaxi upstart WeRide confidentially files for IPO: Bloomberg

WeRide.ai, one of the most funded Chinese robotaxi operators, has confidentially filed to go public in the U.S., Bloomberg reported on Monday. The company declined to comment when reached by TechCrunch.
China’s autonomous driving startups have been racking up hefty investments in the past few years to fuel their technology development and fleet deployment, which can take up a big chunk of their costs. Their valuations have also skyrocketed as self-driving remains one of the few sectors that excites startup investors, even though the technology is far from mature and large-scale commercia

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