Post IPO Highlights (Nov, 25 – Dec, 1)

WeRide Unveils New Robotaxi Platform and Expands Globally

WeRide Inc. (WRD)

New York, NY – WeRide (Nasdaq: WRD), a leading autonomous driving company, announced its third-quarter 2024 results and highlighted significant progress in the development and deployment of its autonomous driving technology.

New Robotaxi Platform GXR

WeRide introduced the GXR robotaxi platform in October 2024, leveraging over 1,800 days of public robotaxi operation experience. GXR integrates WeRide’s proprietary L4 autonomous driving systems, the Sensor Suite 5.6, and the HPC 2.0 computing platform.

Global Expansion and Partnerships

WeRide has formed a strategic partnership with Uber to integrate its robotaxis onto the Uber app. Starting in December 2024, WeRide robotaxis will be available in the United Arab Emirates through the Uber app.

Other key partnerships and milestones include:

• A Memorandum of Understanding with Beti to launch robobus services in France.
• Expansion of Robosweeper operations in Singapore.
• Launch of Singapore’s first L4 autonomous robobus service.

Commercialization in China

WeRide also achieved significant progress in China, including:

• Launch of new ADAS solutions.
• Securing approval for fare-charging robobus services in Hengqin and Guangzhou.
• The first L4 autonomous sanitation project in Shantou and Dongguan.

Financial Results

WeRide’s total revenue decreased to RMB70.0 million (US$10.0 million) in the third quarter of 2024. Net loss was RMB1,042.7 million (US$148.6 million).

NANO Nuclear Energy Closes $60 Million Private Placement

Nano Nuclear Energy Inc. (NNE)

New York, NY – NANO Nuclear Energy (NASDAQ: NNE), an advanced nuclear technology company, announced the closing of a private placement with three institutional investors. The private placement raised $60 million, bringing NANO Nuclear’s cash on hand to over $125 million.

In the private placement, NANO Nuclear sold 2,500,002 shares of common stock and warrants to purchase an additional 2,500,002 shares of common stock at a price of $24.00 per share and warrant. The warrants are exercisable at a price of $26.00 per share.

The proceeds from this financing will support NANO Nuclear in accelerating its microreactor technologies, developing auxiliary businesses, pursuing potential acquisitions, and driving growth towards revenue generation.

“We are humbled to be supported by a growing number of institutional investors,” said Jay Yu, Founder and Chairman of NANO Nuclear Energy. “With over $125 million in our treasury, we are positioned for rapid growth.”

The Benchmark Company, LLC acted as sole placement agent for the transaction.

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