White Rhino’s Series C reaches $100M for driverless delivery

White Rhino builds Level 4 driverless delivery vehicles and fleet software for parcel carriers, retailers and urban-freight platforms. The company said on October 8 that a C2 close brought its total Series C financing to $100 million. Hidden Hill Capital led the tranche, but White Rhino did not disclose how much of the $100 million came from C2.

36Kr later described the transaction as a $100 million Series C and the company’s largest single financing. The earlier disclosure, however, presented $100 million as the combined C1 and C2 total, so it should not be read as the size of the newest investment.

The vehicles are built for repetitive cargo runs on public roads: parcels moving from express branches to pickup stations, stock moving from warehouses to stores and short urban-freight jobs. White Rhino launched its RX van in April and has begun delivering its larger R24 while testing that model on public roads in some cities.

The company is trying to sell more than vehicles. Its Rino Inside offering packages autonomous-driving software and hardware for manufacturers to license. Under Rino FaaS, White Rhino supplies the vehicles, dispatch, maintenance and software updates, then charges customers for completed delivery orders. Cloud scheduling developed with partners including SF Express and Huolala is meant to shift vehicles between customers when one route is idle.

One example shows why that integration matters. A double-cage vehicle developed with SF Express can load and unload transfer cages as well as drive them through a sorting network. That turns the product from an unmanned box on wheels into equipment that can take over another step in the handoff between facilities.

White Rhino says it has delivered more than 5,000 vehicles and operates in more than 200 cities. Scale does not erase two practical bottlenecks identified by 36Kr: road-access and vehicle rules vary by city, and public-road performance still has to improve in rain, snow, darkness and mixed traffic. The company plans to use the Series C capital for its end-to-end driving system, physical automation and a broader city network.