NIO Capital Leads Series A Financing of TrunkTech

Autonomous trucking company, TrunkTech, recently announced the completion of Series A financing jointly led by NIO Capital and GLP, with Eastern Bell as a co-investor.

After garnering the support of iFLYTEK, Trunk has once again attracted wide recognition from top investment institutions in automotive technology and logistics operations.

Established in 2017, TrunkTech is committed to leveraging autonomous and smart driving technology to innovate intelligent logistics products.

TrunkTech has a strong R&D team. Chief scientist and academician, Li Deyi, is renowned in the industry for his "driving brain" theory and its practical implementation. The team's technical capabilities cover the full stack autonomous driving technology, integrating perception with precision positioning accurate to the centimeter, as well as semantic cognition and vehicle control. Furthermore, the company has achieved many firsts in the fields of environmental perception, driving cognition, intelligent control and automotive electronics.