--- title: DeepWay closes $310M in pre-IPO financing | daily.dev description: DeepWay, a Baidu-backed developer of intelligent electric heavy-duty trucks, has closed the second tranche of its pre-IPO financing, bringing the total raised... canonical: https://daily.dev/posts/deepway-closes-310m-in-pre-ipo-financing-ip6wjgrnc twitter:card: summary_large_image twitter:site: @dailydotdev og:type: website og:site_name: daily.dev og:title: DeepWay closes $310M in pre-IPO financing | daily.dev og:description: DeepWay, a Baidu-backed developer of intelligent electric heavy-duty trucks, has closed the second tranche of its pre-IPO financing, bringing the total raised... og:url: https://daily.dev/posts/deepway-closes-310m-in-pre-ipo-financing-ip6wjgrnc og:image: https://api.daily.dev/og/posts/IP6wJgrnc.png og:image:alt: DeepWay closes $310M in pre-IPO financing og:image:width: 1200 og:image:height: 630 og:locale: en --- > ## Documentation Index > Fetch the complete documentation index at: https://daily.dev/llms.txt > Use this file to discover all available pages before exploring further. # DeepWay closes $310M in pre-IPO financing **[The Next Web](https://daily.dev/sources/tnw)** · 5 min read · 0 upvotes · 0 comments ## Summary DeepWay, a Baidu-backed developer of intelligent electric heavy-duty trucks, has closed the second tranche of its pre-IPO financing, bringing the total raised to $310 million ahead of a planned Hong Kong listing. The round was led by Stone Venture and notably includes NGS Super, an Australian superannuation fund, signaling international institutional interest in clean freight. DeepWay has delivered approximately 6,400 trucks commercially, with H1 2025 revenue of around $200 million, though the company remains unprofitable. It plans to list under Hong Kong's Chapter 18C regime, which accommodates specialist tech companies that don't meet standard financial eligibility. The company's technology includes driver assistance and intelligent platooning systems, with a long-term goal of fully autonomous freight trucks. Proceeds will fund R&D, operations, and global expansion across Southeast Asia, the Middle East, and Oceania. ## Full article daily.dev links to this article rather than hosting it. Read it at the original source: ## Similar posts on daily.dev - [DeepSeek closes $7bn-plus round with an unusual structure](https://daily.dev/posts/deepseek-closes-7bn-plus-round-with-an-unusual-structure-m7c3t4nek) · The Next Web · 0 upvotes · 0 comments - [DeepSeek could hit $45B valuation from its first investment round](https://daily.dev/posts/deepseek-could-hit-45b-valuation-from-its-first-investment-round-7otcarw9c) · TechCrunch · 1 upvotes · 0 comments - [DeepSeek's $45bn valuation is also Beijing's strategic statement](https://daily.dev/posts/deepseek-s-45bn-valuation-is-also-beijing-s-strategic-statement-cng5qr4ft) · The Next Web · 0 upvotes · 0 comments --- Tags: [#ipo](https://daily.dev/tags/ipo) [View this post on daily.dev](https://daily.dev/posts/deepway-closes-310m-in-pre-ipo-financing-ip6wjgrnc) ```json {"@context":"https://schema.org","@graph":[{"@type":"Organization","@id":"https://daily.dev/#organization","name":"daily.dev","url":"https://daily.dev","logo":{"@type":"ImageObject","url":"https://daily.dev/apple-touch-icon.png","width":180,"height":180},"sameAs":["https://twitter.com/dailydotdev","https://github.com/dailydotdev","https://www.linkedin.com/company/daily-dev-ltd"]},{"@type":"WebSite","@id":"https://daily.dev/#website","url":"https://daily.dev","name":"daily.dev","publisher":{"@id":"https://daily.dev/#organization"},"potentialAction":{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https://daily.dev/search?q={search_term_string}"},"query-input":"required name=search_term_string"}}]} {"@context":"https://schema.org","@type":"TechArticle","headline":"DeepWay closes $310M in pre-IPO financing","url":"https://daily.dev/posts/deepway-closes-310m-in-pre-ipo-financing-ip6wjgrnc","mainEntityOfPage":{"@type":"WebPage","@id":"https://daily.dev/posts/deepway-closes-310m-in-pre-ipo-financing-ip6wjgrnc"},"datePublished":"2026-04-21T09:03:25.597Z","dateModified":"2026-04-21T09:05:51.962Z","description":"DeepWay, a Baidu-backed developer of intelligent electric heavy-duty trucks, has closed the second tranche of its pre-IPO financing, bringing the total raised...","image":"https://media.daily.dev/image/upload/f_auto,q_auto/v1/posts/2a129128b1d2fc3fe4dc7a622016a1a9?_a=AQAEuop","thumbnailUrl":"https://media.daily.dev/image/upload/f_auto,q_auto/v1/posts/2a129128b1d2fc3fe4dc7a622016a1a9?_a=AQAEuop","isAccessibleForFree":true,"articleSection":"The Next Web","inLanguage":"en","publisher":{"@type":"Organization","name":"daily.dev","url":"https://daily.dev","logo":{"@type":"ImageObject","url":"https://daily.dev/apple-touch-icon.png","width":180,"height":180}},"author":{"@type":"Organization","name":"The Next Web","logo":"https://media.daily.dev/image/upload/t_logo,f_auto/v1/logos/tnw","url":"https://daily.dev/sources/tnw"},"commentCount":0,"discussionUrl":"https://daily.dev/posts/deepway-closes-310m-in-pre-ipo-financing-ip6wjgrnc","interactionStatistic":[{"@type":"InteractionCounter","interactionType":{"@type":"LikeAction"},"userInteractionCount":0},{"@type":"InteractionCounter","interactionType":{"@type":"CommentAction"},"userInteractionCount":0}],"keywords":"ipo","timeRequired":"PT5M"} {"@context":"https://schema.org","@type":"BreadcrumbList","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https://daily.dev"},{"@type":"ListItem","position":2,"name":"The Next Web","item":"https://daily.dev/sources/tnw"},{"@type":"ListItem","position":3,"name":"DeepWay closes $310M in pre-IPO financing"}]} ```