"Karl Power" completed a Series B financing of over $100 million.

36Kr learned that recently, "Karl Power" announced the completion of over $100 million in Series B financing. This round of financing was co-led by Horizon Robotics and Banyan Capital, and co-invested by Hongqi Investment, Fengshang Capital, Dongfang Jiafu, etc. Some existing shareholders participated with oversubscriptions. The funds from this round of financing will be mainly used to accelerate the large-scale expansion of autonomous driving in trunk logistics. By creating an intelligent transportation system of "transportation robots + logistics operating systems", an intelligent transportation capacity network covering the whole region will be built.