White Rhino has successfully closed its Series B+ funding round, raising a total of approximately 500 million yuan. This substantial capital injection will be directed towards the advancement of automotive-grade autonomous vehicle products, iterative enhancements of AI technology, and the expansion of its commercial applications. The company, a specialist in the last-mile logistics and distribution sector, has already deployed its autonomous vehicles to serve prominent logistics firms such as SF Express and ZTO Express, with operations spanning over 100 cities nationwide.

The deployment of autonomous vehicles by White Rhino is poised to significantly reduce distribution costs for logistics enterprises by 30% to 50%, and the daily active volumes continue to surge. With ambitious growth plans, White Rhino aims to have a fleet of 5,000 autonomous vehicles by 2026. Currently, the company is accelerating the development of automotive-grade autonomous vehicles to ensure enhanced product stability and safety.

Moreover, White Rhino intends to introduce an expandable modular autonomous vehicle platform that can adapt to a wider range of application scenarios. The company anticipates achieving profitability through a hardware + FSD (Full Self-Driving) business model and expects to turn financially positive when the product scale reaches 10,000 units.