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At the beginning of the Year of the Fire Horse, the new energy intelligent heavy truck sector welcomed significant financing. Leading new energy heavy truck manufacturer Zero One Automotive announced the completion of a new round of financing amounting to 1.2 billion RMB, just six months after its 500 million RMB Series A financing in mid-2025. Zero One Automotive has once again received strong backing from top-tier capital, attracting industry attention for its rapid growth and development momentum.
This round of financing was co-led by Puquan Capital (the only industrial investment platform under CATL), Momenta, and Nio Capital, with participation from Anhui Lingtong Group, Fangguang Investment, Vertex Ventures under Temasek, Joy Capital, Shen Energy Chengyi, and Blue Lake Capital, while existing shareholder Huoshui Capital continued to invest. The highlights of this round of financing are particularly notable: star industrial capital such as CATL and Nio Capital are laying out in the electric heavy truck sector; leading intelligent driving company Momenta continues to increase its investment. This not only strongly affirms Zero One's technological strength and steady development over the past few years but also signals that the new energy intelligent heavy truck sector is about to experience rapid growth.
Zero One Automotive is a technology company specializing in intelligent heavy trucks, holding two core businesses: the development of native end-to-end autonomous driving software and hardware technology and the full-stack self-research of native new energy intelligent heavy truck technology. Established less than four years ago, with a team of just over 200 people, it efficiently completed the research and launch of two main vehicle series, &#34;Jingzhe&#34; and &#34;Xiaoman,&#34; equipped with fully self-developed electric drive axles and tri-source heat pump systems. By the end of 2025, cumulative sales reached nearly 1,600 units, especially in the second half of 2025, where sales surged nearly 300% compared to the previous half, making it one of the fastest-growing companies in the new energy heavy truck sector. &#34;2025 is a year of great change for Zero One, but the biggest change does not come from the increase in sales, but from the fact that we have finally proven ourselves in the 'vehicle,' which is the most difficult to understand and has the highest threshold. Many people choose to start with relatively simple things when starting a business, but Zero One has always insisted on doing the difficult but right thing,&#34; said Huang Zehua, founder and CEO of Zero One, reflecting on the achievements of Zero One in the vehicle direction in 2025, and once again responding to the question of why he chose to focus on hardware instead of returning to his most familiar intelligent driving &#34;comfort zone&#34; after returning to China to start a business.
At the same time, Zero One's judgment on the development trend of autonomous driving in the heavy truck sector has gradually become the industry's &#34;weather vane.&#34; The forward-looking views proposed by Huang Zehua and his team two years ago, such as &#34;commercial vehicles are the first stop for the popularization of high-level autonomous driving,&#34; &#34;gradual scene progression is an effective way for the development of autonomous driving in commercial vehicles,&#34; and &#34;a reliable vehicle system is a key element for achieving autonomous driving,&#34; have begun to resonate more and more in the industry starting in 2025. Now, Zero One has achieved the industry's first implementation of autonomous driving technology based on end-to-end and multi-modal large models, and has begun testing operations in real customer scenarios, planning to achieve regular unmanned operations by the second quarter of 2026—this precise strategic planning has opened up a unique niche in the already bustling intelligent driving competition for Zero One and won valuable first-mover advantages
&#34;This is Momenta's fourth investment in Zero One Automotive. We have witnessed Zehua and his team develop step by step over the years. We see a promising future for autonomous heavy trucks in Zero One, which strengthens our confidence in Zero One's future,&#34; said Momenta CEO Cao Xudong, expressing full trust in the subsequent development of Zero One Automotive.
Li Yao, partner at Nio Capital, stated: &#34;We are optimistic about Zero One seizing the trend of rapidly increasing penetration rates of electric heavy trucks. Through large-scale product deployment, we aim to build both an economic flywheel and a data flywheel in real logistics scenarios, driving heavy trucks from electrification to intelligence, continuously expanding the boundaries of physical intelligence, and moving towards the ultimate transportation robot.&#34;
&#34;After years of effort, we can confidently say that Zero One Automotive has basically crossed the threshold from 0 to 1. In the future, whether in technology, products, or sales, we have set higher goals,&#34; Huang Zehua expressed a grand vision for the future of Zero One Automotive. &#34;We look at the track objectively and believe that in terms of intelligent driving and electrification, the current truck industry lacks benchmarks or disruptors like Tesla. From the perspective of the ultimate goal of autonomous heavy trucks, the four key elements—vehicles, brains, data, and business models—are indispensable. Looking at the current intelligent heavy truck track, companies that possess all four elements are very rare. To become the best company in this industry, Zero One needs to steadily do the difficult but right things well.&#34;
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Zero One Automotive has completed a new round of financing amounting to 1.2 billion yuan, led jointly by Puquan Capital, Momenta, and Nio Capital, attracting multiple investors to participate. This financing marks the rapid growth of the new energy intelligent heavy truck sector, with Zero One Automotive gaining recognition for its technological strength and steady development. Established less than four years ago, the company has developed several electric heavy trucks, with significant sales growth, becoming one of the fastest-growing companies in the industry. Founder Huang Zehua emphasized that Zero One insists on doing difficult but right things, committed to promoting the development of autonomous driving in heavy trucks

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Another 1.2 billion raised in six months! Zero One Auto completes a new round of financing, led jointly by Puquan Capital, Momenta, and Nio Capital