White Rhino completes $100 million Series C financing

On October 8, L4 autonomous driving company White Rhino officially announced the completion of its Series C2 financing, bringing the cumulative amount raised in its Series C round to US$100 million. The Series C2 round was led by Hidden Hill Capital, with participation from Xiangtan State-owned Assets, Shenzhen Capital Group, Hunan Caixin, South Korea's Woori Financial Group, Bozheng Capital, and others. The funds from this round will focus on the iteration of L4 end-to-end technology and physical AI capabilities, as well as the continued expansion of its urban operations network.