Horizon (09660) invests in Karl Power, accelerating the large-scale implementation of autonomous driving in trunk logistics.

On March 2, it was announced that recently, Carl Dynamics completed a B-round financing of over $100 million. This round of financing was jointly led by Horizon Robotics (09660) and Gaorong Capital, with investment from Red Flag Capital, Fengshang Capital, Eastern Jiafu, and other heavyweight investors, along with some existing shareholders participating in additional investment. The funds raised in this financing will be mainly used to accelerate the scale expansion of unmanned long-haul freight transportation, by creating an intelligent transportation system "Transport Siasun Robot & Automation + Logistics Operation System" to build a comprehensive intelligent transportation network. According to the plan, the company expects to empower and deploy thousands of autonomous trucks within this year, and achieve a scale of tens of thousands of Robotruck empowered in the coming years. As the first enterprise in the industry to achieve the commercialization of unmanned long-haul freight transportation, Carl Dynamics has already successfully verified the entire chain from technology to commerce, operating the first unmanned long-haul transportation with positive profitability. Leading the industry in the process of unmanned commercialization, the company has accumulated a freight volume of 12 billion ton kilometers, operates over 400 autonomous driving trucks, with a accumulated running mileage exceeding 35 million kilometers. Through this investment, Horizon Robotics has directly entered the core of the high-growth market of autonomous long-haul freight transportation, completing the extension of scenarios and market positioning from intelligent driving in passenger vehicles to level 4 automatic driving. With a strong partnership, the scale of automation in long-haul logistics is accelerating Previously, Horizon Robotics and Carl Dynamics had reached a strategic cooperation based on Horizon Robotics' E6P. By efficiently coupling scenarios, data, and computing platforms, both parties will continually enhance the capabilities and efficiency limits of the L4 freight automatic driving system, jointly exploring this trillion-dollar market and creating a truly profitable, scalable unmanned freight transportation solution that meets the needs of the Chinese logistics industry. This investment in Carl Dynamics further deepens the cooperation between the two parties. The Horizon Robotics investment team stated, "We are optimistic about the long-term value of automatic driving in reshaping the trillion-dollar market of long-haul logistics. Carl Dynamics has completed a dual verification of technological feasibility and commercial feasibility through its advanced technological architecture and innovative business model. This investment is a strong collaboration in the industry ecosystem. We will continue to support Carl Dynamics and accelerate the process of automation in long-haul logistics." From L2 to L4, Horizon Robotics enters the trillion-dollar new market of long-haul logistics Horizon Robotics focuses on passenger car assisted driving solutions, integrating leading algorithms, specialized software, and advanced processing hardware to provide core technology for automotive intelligence, including all-scenario assisted driving software algorithms, car-level domain controllers, and supporting hardware, completing system integration and mass production verification to further enhance driver and passenger safety and experience. Meanwhile, through ecological partnerships, Horizon Robotics is transitioning from L2 level assisted driving to L4 level automatic driving by entering diverse scenarios. The deepened cooperation with Carl Dynamics is a manifestation of this strategy. In addition to Carl Dynamics, Horizon Robotics has also partnered with Xingzhen Intelligence and other companies to expand the ecological boundaries to Robotaxi, long-haul logistics, unmanned vehicles, and other scenarios. Leveraging the scalable Journey series computing platform and open ecosystem, adhering to a progressive approach, Horizon Robotics is efficiently and steadily advancing the automatic driving industry towards its ultimate goal. Currently, Horizon Robotics has collaborated with over 200 upstream and downstream partners, covering the entire production chain. Industry analysis shows that commercialization of long-haul automatic driving is at a turning point, expected to enter a period of scale eruption in the next 1-2 years. As the main artery of intelligent driving for long-haul trucks, long-haul freight transportation carries over 70% of the interregional commodity flow in the country, making it the largest trillion-dollar track in the field of automatic driving. With a forward-looking ecological layout and scalable computing solutions, Horizon Robotics is extending its mature experience in L2 level assisted driving to the L4 level long-haul logistics scenario, seizing the initiative in this trillion-dollar new track. In the future, Horizon Robotics will continue to open up its underlying capabilities, working with more partners to promote the development and popularization of the intelligent driving industry.