WeRide is a self-driving firm that enables vehicles to perform complex tasks in real-world settings, such as navigating busy city streets, handling various weather conditions, and making real-time decisions. The company maintains a large test fleet that continuously collects data in diverse environments, including high-density urban areas, highways, and residential zones. By constantly analyzing and improving their systems, WeRide enhances the safety and reliability of its autonomous fleet.
WeRide has achieved a $4.21 billion valuation following its $120 million U.S. IPO. The company successfully issued 7.7 million American depositary shares at $15.50 per share. The offering is anticipated to close on October 28, 2024, pending customary closing conditions.
WeRide, Guangzhou Shi, Guangdong, China, was founded in 2017 by Tony Han and Yan Li. In 2020, the company joined the unicorn club. WeRide's recent IPO marks a new chapter in the company’s journey, fueling its continued growth and pushing the boundaries of autonomous driving technology.
Share this post