{"id":132002,"date":"2026-03-23T03:02:40","date_gmt":"2026-03-23T06:02:40","guid":{"rendered":"https:\/\/automotive.einnews.com\/article\/901190321"},"modified":"2026-03-23T03:02:40","modified_gmt":"2026-03-23T06:02:40","slug":"qcraft-raises-100-million-in-new-financing-round","status":"publish","type":"post","link":"https:\/\/new7.shop\/zerocostfreehost\/index.php\/2026\/03\/23\/qcraft-raises-100-million-in-new-financing-round\/","title":{"rendered":"QCraft raises $100 million in new financing round"},"content":{"rendered":"
Several vehicles featuring QCraft’s system are seen in Beijing in January 2026. [Photo provided to chinadaily.com.cn] <\/figcaption><\/figure>\n

Chinese autonomous driving startup QCraft said on Monday it has raised $100 million in a new round of Series D financing, as it pivots toward higher-level autonomy and physical AI technologies.<\/p>\n

The latest funding was backed by a group of strategic and financial investors, including a major domestic automaker, industry funds and automotive supply-chain companies, the company said in a statement.<\/p>\n

It said the proceeds will be used to step up research into frontier technologies such as world models and reinforcement learning, as well as expand hiring.<\/p>\n

Chief Executive Yu Qian said the company would shift its strategic focus in 2026 toward Level 4 autonomous driving and broader applications of physical AI, while accelerating overseas expansion.<\/p>\n

“Autonomous driving is the most viable entry point into physical AI,” Yu said, adding that advances in artificial intelligence are approaching a turning point, with opportunities increasingly tied to real-world deployment rather than purely digital systems.<\/p>\n

The move comes as Chinese self-driving firms seek to balance near-term commercialization with longer-term bets on full autonomy.<\/p>\n

QCraft said its L2++ assisted driving system has surpassed 1 million units in mass production vehicles, working with nearly 10 automakers across about 30 models.<\/p>\n

Its upgraded system, which the company said can deliver advanced urban navigation-on-autopilot functions with computing power of just 128 TOPS, has gained traction among carmakers looking to control hardware costs.<\/p>\n

QCraft plans to expand its partner model lineup to more than 50 in 2026, most equipped with urban NOA capabilities, as competition intensifies in China’s crowded assisted-driving market.<\/p>\n

Beyond passenger vehicles, the company has entered the autonomous logistics segment, deploying driverless delivery vehicles in several Chinese cities under what it described as a “mass production equals operation” model.<\/p>\n

It also plans to begin small-scale robotaxi trials in 2026, with broader rollout targeted for 2027.<\/p>\n

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… investors, including a major domestic automaker<\/span>, industry funds and automotive<\/span> supply-chain companies … vehicles, working with nearly 10 automakers<\/span> across about 30 models. Its … TOPS, has gained traction among carmakers<\/span> looking to control hardware costs …<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[],"class_list":["post-132002","post","type-post","status-publish","format-standard","hentry","category-news","wpcat-1-id"],"_links":{"self":[{"href":"https:\/\/new7.shop\/zerocostfreehost\/index.php\/wp-json\/wp\/v2\/posts\/132002","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/new7.shop\/zerocostfreehost\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/new7.shop\/zerocostfreehost\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/new7.shop\/zerocostfreehost\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/new7.shop\/zerocostfreehost\/index.php\/wp-json\/wp\/v2\/comments?post=132002"}],"version-history":[{"count":0,"href":"https:\/\/new7.shop\/zerocostfreehost\/index.php\/wp-json\/wp\/v2\/posts\/132002\/revisions"}],"wp:attachment":[{"href":"https:\/\/new7.shop\/zerocostfreehost\/index.php\/wp-json\/wp\/v2\/media?parent=132002"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/new7.shop\/zerocostfreehost\/index.php\/wp-json\/wp\/v2\/categories?post=132002"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/new7.shop\/zerocostfreehost\/index.php\/wp-json\/wp\/v2\/tags?post=132002"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}