About WeRide
WeRide develops Level 4 autonomous driving technologies, focusing on creating self-driving vehicles for various applications. Their main products include Robotaxi, Mini Robobus, and Robovan, which are designed for services like ride-hailing, on-demand transport, and urban logistics. These vehicles operate without a human driver in specific conditions, allowing for efficient transportation solutions. WeRide stands out from competitors by forming strategic partnerships with major global automakers and service platforms, which helps them expand their product offerings and market reach. The company's goal is to enhance urban mobility and logistics through fully autonomous solutions, contributing to the development of smart cities.
Guangzhou, ChinaHeadquarters
2017Year Founded
$1,044.3MTotal Funding
LATE_VCCompany Stage
Automotive & TransportationIndustries
201-500Employees
Benefits
Employee Stock Plan
Competitive Compensation Package
100% Company Paid Premium Medical Plan
Team Building Activities
Paid Vacation And Time-off
Free Hot Breakfast, Lunch And Dinner
Risks
Increased competition from Waymo could pressure WeRide's market position.
Uber's potential investment in Pony.ai may threaten WeRide's partnership with Uber.
Regulatory challenges in Singapore may impact RoboSweepers' commercial success.
Differentiation
WeRide offers a diverse product mix including Robotaxi, Robobus, and Robovan.
Strategic partnerships with global OEMs enhance WeRide's market position and technological capabilities.
WeRide's GXR platform showcases advanced Level 4 autonomous driving technology.
Upsides
Successful IPO on Nasdaq raised $458.5 million, boosting financial strength for expansion.
Partnership with Uber for Robotaxi deployment in UAE expands market reach.
Launch of Europe's first autonomous shuttle at Zurich Airport demonstrates international capability.
Funding
Total raised$1.04 B
Latest valuation$4.40 B
StageLATE_VC
$400
$4.40 BEARLY VC
4/30/2020$2
$7.75 MSERIES A
8/31/2017$52
$260.00 M