DeepWay closes $310M in pre-IPO financing
By Ana-Maria Stanciuc
Published on April 21, 2026.
DeepWay, a Chinese company that has delivered 6,400 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 stock market listing. The latest tranche was led by Stone Venture, with participation from NGS Super, an Australian superannuation fund for education-sector workers, and Xiamen Guosheng Fund. Existing investors ABC Impact, and Nanjing Ronghe Venture Capital also increased their stakes. This move signals that DeepWay's clean freight story is reaching institutional capital beyond its home market. Despite rapid commercial results, the company has not yet achieved profitability.
Related Articles
What's next for Columbus' old Greyhound station
The former Greyhound bus station in Columbus is being studied for potential redevelopment with funding for the project secured from a federal grant.
Serge Schmemann: Oil prices aside, this war has not gone Putin’s way
The Iran war has provided a financial windfall for Russia, but the conflict has led to significant economic losses and political tensions, raising concerns about Putin's global influence.
McDonald's launches new value menu items. See what you can get
McDonald's launches new under $3 value menu items and meal deals, including a $4 breakfast and $5 lunch, on April 21.