EACON raises $55.2M in Series C funding to expand autonomous mining fleet

EACON Group/EACON Autonomous Mining Haulage

EACON completed Series C fundraising of $55.2M from Chinese private equity and venture capital investors, bringing 2023 total fundraising to over $62M. The company planned to deploy 1,000 additional autonomous trucks across China in 2024.

• Series C raised $55.2M, 2023 total fundraising exceeded $62M
• Company operated 300+ autonomous trucks across four mine sites at the time
• Planned 1,000 truck deployments in China during 2024
• Focused on battery-electric, hybrid, and hydrogen-battery vehicle development