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On October 8th, L4 autonomous driving enterprise “White Rhino” declared the successful conclusion of its Series C2 funding round, elevating the cumulative Series C investment to an impressive $100 million. Yinshan Capital took the helm as the lead investor in this round, with additional support from a diverse group of participants including Xiangtan State-owned Assets, Shenzhen Heavy Investment, Hunan Finance and Credit, South Korea’s Woori Financial Group, Bozheng Capital, among others. The infusion of capital will be strategically directed towards enhancing L4 end-to-end technology and physical AI prowess, broadening urban operational networks, and fostering deeper collaboration within the industrial ecosystem. The overarching goal is to construct a seamless, closed-loop system encompassing technology, product development, operational execution, and ecosystem integration.
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