Recently, Zelostech completed $100 million B1 round of financing, this round of financing by CDH Baifu, Blue Lake Capital co-lead investment, other old shareholders to follow the investment, this round of financing is one of the largest amount of financing in the field of automatic driving in the past year.

As a global leader in R&D and application of automatic driving products for city distribution, Zelostech has the self-research capability of L4-level automatic driving full-stack technology, successfully realized the commercialization of open road landing, and became the first unmanned city distribution enterprise in the industry to realize positive gross profit operation with the mode of “turn-key car sales”.

Zelostech has profound L4 algorithm research and development, product development, vehicle delivery, sales and operation and maintenance capabilities, and has realized the core hardware and software modules of self-research, and built up three major technology platforms: intelligent platform, vehicle platform, and electrification platform.

The latest unmanned vehicle has realized a full set of vehicle-grade upgrades in hardware and software capabilities, including computing units and sensors. The new car is equipped with a high-performance automotive-grade dual Orin Drive computing platform with more than 500tops of arithmetic power; based on the self-developed ZOE 2.0 architecture, it not only optimizes the integration and expansion of sensors, but also improves the density and processing efficiency of data transmission. At the same time, Zelostech completes the unified detection of static and dynamic obstacles and map elements through backbone network and Transformer, superimposed on the leading pre-decision model, which truly realizes the end-to-end decision-making layer, and is able to adapt to a variety of complex working conditions and scenarios including rain and snow, complex intersections, tunnels, and viaducts, and its key performance indicators are in the leading position in the industry.

Based on the strong vehicle design capability and deep understanding of urban distribution scene, Zelostech rapidly iterated five versions of the model within one and a half years after its establishment, and formally put into the market in the fourth quarter of 2023 to deliver the world's first L4 urban distribution mass production model - Zelostech Z5 series, which created the era of vehicle sales of L4-level self-driving urban distribution products, and realized the scale commercial application of this category of products in a variety of urban open-road distribution scenarios. To realize the commercial application of this category of products in a variety of urban open road distribution scenarios on a large scale.

In order to match the needs of more logistics segmentation scenarios, Zelostech continues to iterate its products, releasing four L4-class unmanned vehicles Z2, Z5, Z8 and Z10 in June 2024 to cope with the needs of different scenarios and load capacity: the flagship product Z5 is suitable for express delivery, fresh food, medicine and other B2B distribution scenarios; Z2 is flexible and compact, suitable for narrow road scenarios such as closed parks, indoor complex intersections, and so on; Z8 is equipped with high endurance Z8 is characterized by high range and high load capacity, suitable for long-distance transportation scenarios such as industrial logistics, express logistics to the countryside, and mining; Z10 is further upgraded on the basis of Z8 in terms of range, volume, and load capacity, and is the largest unmanned distribution model in the industry.

At present, more than 1,000 Zelostech intelligent unmanned city distribution vehicles have been put into operation in more than 130 cities, with a cumulative delivery volume of more than 100 million orders, helping customers realize an average reduction of 62% in operating costs, while in the process, the team has accumulated more than 4 million kilometers of L4-level autopilot mileage of actual operation, and accelerated the climb at the current rate of about 1 million kilometers per month. Zelostech is currently delivering products to customers at a rate of hundreds of units per month.

Zelostech is also actively promoting its globalization strategy. Zelostech has obtained the country's first unmanned logistics vehicle license issued by the Land Transport Authority of Singapore, and is now carrying out unmanned operation tasks on designated public roads. In addition, Zelostech Intelligence also participated in the development of technical standards of Singapore Standards Committee TR-68 automatic driving specification, and cooperated with the regulatory authorities to formulate a test program for unmanned logistics vehicles to operate on the public roads, which filled the gaps in the local relevant regulations and promoted the popularization and application of automatic driving technology. Recently, Zelostech has also landed orders in Malaysia, Japan, the Middle East and other places, which is an important step for domestic automatic driving products to go overseas.

Blue lake capital said: intelligent driving field is ushering in the key time window of bulk commercialization landing. Blue Lake accompanied the establishment of Zelostech, just three years, Zelostech has shown outstanding evolutionary ability, strong product ability and commercialization ability, landing in many cities across the country, overseas layout is also methodically launched. This round of Blue Lake to raise the bet again, is the team's firm belief and support, business continued to optimistic about Zelostech with the strongest product power to enhance the efficiency of the industry, and effectively create value for the community. We also believe that Zelostech can bring more positive power to the industry and accelerate the landing of Smart Driving in a wider range of fields.

CDH Baifu said: Smart driving and artificial intelligence industry has always been the key direction of our attention and layout, Zelostech is the benchmark of L4 enterprises, whether it is from software algorithm, product design, supply chain system, sales network and other dimensions. The entrepreneurial team led by Kong Qi has created a record of commercialization speed from zero to landing in the industry, which has been unanimously recognized by investors, customers and peers. We are honored to participate in this round of financing together with Zelostech and become the entrepreneurial partner of Zelostech Intelligence. 2024 is the first year of the real commercialization and landing of L4, and we hope to accompany Zelostech Intelligence to accelerate the process of China's intelligent driving.