Market Chatter: Didi's Self-Driving Unit to Solicit Up to $5 Billion in Fresh Capital

MT Newswires Live

Mar 04

Ride-hailing company Didi is looking to raise fresh capital for Didi Autonomous Driving that could value the company at about $5 billion, Bloomberg News reported Monday, citing people familiar with the situation.

Didi Autonomous Driving is now negotiating with potential investors, including a Beijing-based fund, to assess interest, the report said.

The self-driving unit plans to use the proceeds for thedevelopment of autonomous driving technologies and expedite the mass production of its robotaxi, the report said, citing a source.

Didi Autonomous Driving has a fleet of 200 cars that have undergone trials in Beijing, Guangzhou, and Shanghai, the report said.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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