Shanghai Zaofu Intelligent Technology Co., Ltd. (operating under the Hello Robotaxi business) has successfully secured a new round of funding amounting to approximately $100 million, bringing its post-money valuation close to the $3 billion mark. The capital raised in this round will be predominantly allocated towards research and development (R&D) endeavors. This includes the establishment of a computing power platform with a capacity of 10,000 cards, facilitating advancements in end-to-end technology iterations for AI large models, and constructing a robust data supply chain system.
The company was jointly established in June 2025 by Hello, Ant Group, and investment entities affiliated with CATL, with a primary focus on the development of L4-level autonomous driving technology. In September of the same year, it garnered strategic investment from Alibaba. This year, in July, the company achieved a significant milestone as its first self-developed model, the HR1, commenced mass production and delivery. With scaled-up production already underway and over 100 units having rolled off the assembly line, the company has officially entered the phase of large-scale production and is actively constructing a comprehensive commercial delivery chain.
Presently, the company's core technology team comprises more than 500 members. By harnessing the collaborative computing power resources of Alibaba and Ant Group, the team is refining its data supply chain and converting R&D investments into the foundational capabilities necessary for the continuous iteration and improvement of the Robotaxi.