Friday, 24 March, 2023

SAIC Mobility Robotaxi valuation hits $1B after series B investment of $148M

<p>SAIC Mobility Robotaxi secured a Series B funding of $148M (RMB 1B) in a Series B funding. &nbsp;The money will be used to expand its robotaxi service in China. &nbsp;The Series B round, which also included Momenta, Gaoheng Management Consulting, and other organisations, was led by SAIC Group. The funding was announced eight months after the two businesses began two 100-day trials in Shanghai and Suzhou.</p>