Chinese autonomous driving company DeepRoute.ai is weighing an initial public offering (IPO) in Hong Kong, Bloomberg reported, citing people familiar with the matter.
DeepRoute filed listing documents confidentially in Hong Kong late last year, the sources told Bloomberg.
The company is seeking to raise several hundred million dollars, according to the report.
Bloomberg said DeepRoute is working with financial advisers, but the timing of an IPO has not been fixed.
Confidential filings can allow companies to reduce public scrutiny and avoid disclosing trade secrets too early.
In such cases, details are made public after regulators approve listings.
Bloomberg also reported that the Hong Kong stock exchange has begun consulting the market on potentially expanding the confidential-filing option.
DeepRoute was founded in 2019. It has raised more than $700m over the years from investors including Alibaba Group Holding and Great Wall Motor.
DeepRoute has said it aims to have one million vehicles equipped with its autonomous driving platform this year, up from around 250,000 at the end of 2025.
It operates three businesses on a unified technical platform: consumer vehicles, robotaxis and RoadAGI.
RoadAGI is designed to understand complex environments and make independent decisions.
The system can be used for services ranging from delivery and logistics to health care and security.
In April last year, DeepRoute.ai signed a cooperation agreement with Qualcomm Technologies to create high-performance, cost-effective advanced driver assistance solutions (ADAS) and automated driving systems.
These intelligent driving solutions will be based on the Qualcomm’s Snapdragon Ride Platforms, specifically the SA8650 model.
In August, DeepRoute.ai introduced DeepRoute IO 2.0, its latest smart driving platform, which is powered by a Vision‑Language‑Action model.
