KargoBot secures over USD100 million in Series B funding to expand its fleet of autonomous trucks, led by Horizon Robotics and Gaorong Ventures.
Amount Raised
$100 Million
Round Type
Series B
ChinaTransportationAutomotiveFleet ManagementInvestors
Description
KargoBot has raised more than USD100 million in its Series B funding round to accelerate the expansion of its self-driving truck fleet. The round was co-led by Horizon Robotics and Gaorong Ventures, with additional participation from other investors. The company aims to deploy 1,000 Robotrucks this year and reach a fleet of 10,000 units in the coming years. KargoBot plans to develop a smart transportation system to enhance logistics operations.
Quick answer
KargoBot raised $100 Million in a Series B round, dated March 2, 2026. Investors: Fengshion Capital, Orient Renaissance Capital, Horizon Robotics and Gaorong Ventures. KargoBot is based in China.
- How much did KargoBot raise?
- KargoBot raised $100 Million in a Series B round on March 2, 2026.
- Who invested in KargoBot?
- Fengshion Capital, Orient Renaissance Capital, Horizon Robotics and Gaorong Ventures are named as investors in this round.
- What does KargoBot do?
- KargoBot is a Chinese autonomous driving freight startup that focuses on expanding its self-driving truck fleet.
- Where is KargoBot based and how big is it?
- KargoBot is based in China.
Source: Fundz verified event record.
Who else raised in Transportation and Automotive around the same time
Companies in the same sectors as KargoBot that raised within 45 days of this round, from Fundz verified event records.
- Lucid Group raised $1.1B (Post-IPO Equity) on April 15, 2026.
- GoSwap raised an undisclosed amount (Seed) on April 6, 2026.
- Beta Technologies raised $7.1M on April 2, 2026.
- Azio AI Holdings, Inc. raised $3.9M on March 6, 2026.
- PartsPulse raised $3M (Seed) on March 4, 2026.
- Dat Bike raised $26M (Series B) on March 1, 2026.
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Funding Insights
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