Carl Power Technology

About Carl Power Technology

Operating under the name KargoBot, Guangzhou Carl Power Technology Co., Ltd. is a Beijing-based company specializing in autonomous driving solutions for the freight and logistics industry. Initially incubated within the self-driving division of ride-hailing company Didi Chuxing, KargoBot was established in 2021 and spun off as an independent entity in October 2023. This move was designed to provide the company with greater flexibility in financing and partnerships to accelerate the commercialization of its technology. The company is led by CEO Wei Junqing, the former chief technology officer of Didi's autonomous driving business.

KargoBot's core business revolves around developing and deploying Level 4 (L4) autonomous trucks for bulk commodity transport, addressing industry-wide challenges like driver shortages and an aging workforce. The company's business model is centered on providing autonomous freight transportation services. Its primary market is long-haul bulk logistics, with a focus on routes in North and Northwest China, where it serves approximately 20 customers across seven cities. Key operational areas include Ordos in Inner Mongolia, a major hub for coal and wool production. KargoBot has also begun testing its trucks on routes between Chongqing and Chengdu, signaling an expansion into western China.

The company's flagship offering is an innovative hybrid intelligent platooning system, also referred to as a Hybrid Driverless Solution (HDS). This approach involves a lead truck operated by a human driver, followed by a convoy of unmanned, L4 autonomous trucks. This model is designed to enhance logistical efficiency and overcome operational challenges in varied environments, from closed industrial roads to public expressways. By April 2025, KargoBot's fleet had accumulated over 20 million kilometers in L4 platooning operations, transporting a cumulative volume of 200 million tonne-kilometers. To support its mission, KargoBot has raised significant capital, securing over CNY 1 billion in the year leading up to June 2024. Notable funding rounds include a Series A+ round in May 2025 and a Series A round in June 2024, with investors such as Ordos State-owned Assets Investment Holding Group, Shenzhen Capital Group, and CIMC Vehicles.