NLZ
Oct 29, 9:46 AM
$WRD WeRide’s data and physical AI subsidiary Jingshuo is raising RMB70 million from outside investors for approximately 3.38% on a fully diluted basis.
That implies an equity valuation of roughly RMB2.07 billion (
$311M)
WeRide would retain approximately 67.63% after the raise and full implementation of a separate equity incentive plan. Most of the dilution comes from that incentive pool, which represents approximately 28.98%, rather than from outside investors.
This brings fresh capital into Jingshuo and establishes an external valuation for the business, while WeRide retains majority ownership. It is subsidiary funding, rather than proceeds from WeRide selling existing shares.
A useful valuation reference for WRD investors, but not an automatic addition to WeRide’s market value. The assets and IP transferred, incentive terms, and future commercial growth will determine how much value shareholders ultimately capture.
0 replies
