Alibaba leads $300 million investment into Chinese autonomous driving start-up DeepRoute.ai – News07trends

A Deeproute.ai robotaxi on show. Deeproute.ai GUANGZHOU, China — Alibaba has led investments price greater than $300 million into Chinese language autonomous driving start-up DeepRoute.ai. The Shenzhen-based start-up makes the self-driving techniques for automobiles that contain {hardware} and software program. DeepRoute.ai runs a fleet of autonomous taxis with some operated by its companions together with ride-hailing agency CaoCao and automaker Dongfeng Motors. However the firm can be growing know-how for logistics. Alibaba's involvement within the funding spherical underscores the ambitions of China's know-how giants to get a foothold within the space of driverless automobiles. Alibaba is already an investor in…