:

GEELY-BACKED ECARX TO SUPPLY ROBOTAXIS TO US STARTUP

INDUSTRY DESK1 MIN READ
SUN, JUL 5, 2026

■ AI-SUMMARIZED FROM 1 SOURCE ▸ TIMELINE

Ecarx Holdings Inc., backed by Chinese billionaire Li Shufu, has agreed to deliver robotaxis to US-based May Mobility Inc. in a deal valued at approximately $750 million.

The agreement marks Ecarx's entry into the US autonomous vehicle market through a partnership with the Detroit-based robotaxi operator. May Mobility currently operates driverless shuttle services in multiple US cities and has been expanding its fleet and service areas. Ecarx, which specializes in automotive software and intelligent cockpit technologies, will leverage its backing from Geely—one of China's largest automakers—to fulfill the supply agreement. The $750 million valuation underscores the growing demand for autonomous vehicle platforms in North America. The partnership aligns with broader trends of Chinese automotive technology companies seeking to establish footholds in Western markets. May Mobility's existing operational experience in US cities provides Ecarx with a concrete pathway to deploy its robotaxi solutions at scale.

■ SOURCES

Bloomberg Tech

■ SUMMARY WRITTEN BY AI FROM THE LINKS ABOVE

■ MORE FROM THE STARTUPS DESK

Indian AI coding startup Emergent reached a $1.5 billion valuation in its latest funding round, raising $130 million in Series C and joining the unicorn club after a five-fold valuation jump in six months.

JUST NOWAI Desk

Rime, an AI platform processing over 100 million calls monthly, secured $24 million in Series A funding to expand its customer service solutions for enterprises.

JUST NOWIndustry Desk

A former SpaceX engineer has secured $65 million in funding to revolutionize wire harness manufacturing for aerospace and defense. The startup aims to replace decades-old production methods still used in rockets, missiles, and satellites.

1H AGOAI Desk

Israeli identity management startup Oak has emerged from stealth with $60 million in seed funding. The company, cofounded by veteran entrepreneur Shai Morag, addresses identity management challenges created by the proliferation of AI agents.

1H AGOAI Desk

■ SUBSCRIBE TO THE DAILY BRIEF

ONE EMAIL, 5 STORIES, 06:00 UTC. UNSUBSCRIBE ANYTIME.