Xi Venture Capital participates in the Series B financing of Jiushi Intelligent

　　Recently, Xichuang Capital, together with Yixing Guokong Group and Taodu Technology New City, participated in the B-round financing of Jiushi Intelligent, a leading enterprise in global L4 urban distribution. Other investors include Dinghui Baifu, Blue Lake Capital, and Asia Investment Capital. The total financing scale of Jiushi Intelligence in this round is nearly 300 million US dollars, and the funds will be used for its next-generation product research and development, establishment of its own supply chain, domestic and international market expansion, urban operation network construction, and construction of industrial ecological alliances.

　　This investment implements the new model of "fund+industry collaboration", which will promote the landing and accelerated construction of projects such as Jiushi Autonomous Driving Hardware Research Institute, Autonomous Driving Hardware Research Center, Regional Operation Center, and Autonomous Driving Testing Center, effectively enhancing the local scientific research intensity, talent density, and industrial height in Yixing, and promoting the development of Yixing's artificial intelligence industry. As a leading enterprise in the research and application of L4 urban autonomous driving products worldwide, Jiushi Intelligence has built its core competitiveness through a full stack self-developed technology system and large-scale commercial capabilities. At present, the company has formed a complete technology matrix covering key areas such as multi-sensor fusion perception, decision planning algorithms, and vehicle road coordination. The products have the ability to operate stably in extreme environments ranging from -30 ℃ to 60 ℃, and can meet the operational needs of urban full scene, full road condition, and full time operation in narrow roads, industrial logistics, express delivery and other segmented scenarios. In terms of L4 capability, it has achieved the lowest "human vehicle customer service ratio" in the entire industry. Based on a deep understanding of urban distribution scenarios, Jiushi Intelligence continues to lead industry technological innovation and has achieved multiple product iterations in just two years.

　　Jiushi Intelligence has deeply served customers and ecological partners in various industries such as China Post, Tongda System, National Pharmaceutical Equipment, Jiatong Tire, and Dad Sugar in the domestic market, and has built a smart urban distribution logistics network and industry solutions covering express delivery, fresh food supermarkets, pharmaceutical cold chain, etc. Meanwhile, in overseas markets, Jiushi Intelligence is actively promoting its globalization strategy and has landed in regions such as Singapore, Japan, South Korea, and the Middle East. The company has successfully obtained Singapore's first unmanned logistics vehicle license and participated in the modification of TR-68 autonomous driving technical standards. Its unmanned vehicle products have entered the supply chain system of local leading enterprises such as FairPrice in Singapore; In the recently concluded DHL Fast Forward Challenge 2025, Jiushi Intelligence has partnered with DHL and Dubai South to jointly launch a pilot project for Dubai's autonomous driving delivery.

　　2024 is the first year of commercialization for Jiushi Intelligent's coverage of low-speed urban scenarios. As of the end of 2024, the company has received over 10000 orders, delivered over 3000 units, and served over 600 customers, all of which exceeded expectations. Jiushi Intelligence has become a leading enterprise in the field of unmanned urban distribution, with multiple championships in order volume, sales volume, and operation quantity. With a market share of over 90% in the sales of autonomous driving vehicles in urban distribution, it has firmly held the top spot in the industry and successfully driven the rapid growth of the overall unmanned urban distribution market. In the first quarter of 2025, Jiushi Intelligence continued its high-speed growth trend, with a year-on-year increase of over four times in the number of newly added orders.