EACON Mining Secures $55.22M Funding for Autonomous Solutions

22 November 2023
GeoSpatial World

AI Generated Summary

EACON Mining Technology has secured a C round of equity funding of approximately $55.22 million, with a focus on advancing autonomous driving in mining applications.

The company, which already has 304 autonomous trucks in operation and a safety record of over five years, will also invest in engineering new energy systems for mining trucks.

The investment, led by Richen Capital and including significant contributions from Shenying& Wanguo Capital Management and ESTAR Capital, brings EACON’s total financing for 2023 to around $62.13 million.