What it sells
Autonomous trucking platform.
Business model breakdown
Buyer: who owns the budget?
UnverifiedFreight carriers, logistics companies and shippers on bulk trunk routes in China.
Workflow: what inputs become what output?
Full-stack L4 trunk freight: KargoDrive autonomous convoy system, KargoCloud dispatch (person-vehicle-cargo-energy) and KargoPlatform factory-fit trucks run door-to-door loading, transport, dispatch and unloading.
Economics: what it saves and how it charges
Operates L4 freight service with own autonomous fleet (claims 400+ vehicles, 45M+ km, 1.4B+ tonne-km); raised over $100M Series B in March 2026.
Distribution: how it reaches customers
Vehicle platform co-developed with OEMs (Shaanxi Auto, CIMC) and runs commercial pilots across 10+ provinces.
Funding history and coverage
| Round date | Stage | Amount | Investors | Source |
|---|---|---|---|---|
| 2026-03-03 | — | $100M USD | — | news.google.com |
Profiles summarize public reporting and company websites. Business-model notes are MaxBC's reading of that material, not confirmed facts; unknowns are left blank rather than guessed. Updated 2026-10-12.