SF Holding(SZ:002352) Tai Mei Ti A P P·2025-08-21 11:35Core Insights - Baixinou Zhida (Beijing) Technology Co., Ltd., an L4 autonomous driving company, has completed a B+ round of financing, raising nearly 500 million RMB in total for its B round [2] - The funding will focus on three main areas: development of automotive-grade unmanned vehicle products, continuous iteration of AI technology, and expansion of commercial scenarios [2] - The company aims to accelerate the "scaled landing" of its services in the last-mile logistics sector [2] Financing Details - The latest round saw participation from existing investors such as SF Express and Linear Capital, along with new investors including Jun Capital, 360 Fund, and Huatai Zijin [2] - This marks the third investment from SF Express within a year, following its initial investment in August 2024 [2] Business Development - Founded in 2019 by a team from Baidu's autonomous driving division, Baixinou initially focused on supermarket deliveries and has since partnered with major retail companies like Yonghui and Hema [2] - Since 2023, the company has shifted its focus to express logistics, specifically targeting the commercialization of delivery from distribution points to service stations [2] - The number of active vehicles has grown from nearly 100 at the end of 2024 to around 1,000 currently, covering over 100 cities and serving major logistics firms such as SF Express, Zhongtong, Jitu, and China Post [2] Cost Efficiency and Operational Impact - Baixinou's unmanned vehicles can reduce last-mile delivery costs by 30%-50%, with specific examples showing a drop in delivery costs from 0.2 RMB to 0.1 RMB per package [3] - The use of unmanned vehicles allows delivery personnel to focus more on collection and delivery services, resulting in a business volume increase of over 20% [3] - The vehicles can operate 24/7, enabling remote scheduling for nighttime delivery tasks [3] Product Development and Standards - A significant focus of the recent financing is on the development of automotive-grade unmanned vehicle products, addressing customer concerns regarding reliability and lifespan [3] - The company is adhering to automotive industry standards throughout the design, supply chain selection, and manufacturing processes, ensuring safety, reliability, and durability [3] - This approach also provides a clear basis for regulatory compliance, facilitating the orderly opening of road rights [3] Future Plans - Baixinou plans to solidify its core express logistics business while expanding into retail replenishment and urban freight scenarios [4] - The R&D team is working on expanding the product line to meet the diverse needs of customers [4] - By 2026, the company aims to have 5,000 active vehicles, with a long-term vision of creating unmanned vehicle products for the global market [4]