Eacon Mining Technology, a Beijing, China-based provider of autonomous haulage solutions (AHS), raised $55.22M in funding.
The round, which brought the total amount to $62.13M, was led by Richen Capital, with participation from Shenyin&Wanguo Capital Management and existing investors like ESTAR Capital.
The company intends to use the funds to expand operations and its business reach.
Established in May 2018 by Lei Zhang, Eacon is an autonomous haulage soultion company that empowers the most traditional mining industry with the most advanced technology. By combining autonomous driving technology with on-site operational capabilities, it provides full-stack autonomous driving technology and haulage services to mining areas.
Eacon now has 304 autonomous trucks in operation, with a total of 4.2 million kilometers driven autonomously and an impeccable safety record upheld for over five years. Looking forward, with an office established in Perth, Australia, the company plans to broaden its presence in additional overseas markets.
FinSMEs
21/11/2023