Key Takeaways
- Boonray Technology, a China-based provider of battery-electric autonomous mining trucks, has completed a new funding round, topping RMB 1 billion in cumulative fundraising in 2025.
- The company’s technology path and business prospects have garnered strong confidence from investors, setting a record for primary-market fundraising in China’s autonomous mining segment.
- Boonray aims to deliver a vehicle–cloud–network integrated stack, offering full-stack unmanned mine operations solutions to improve operational efficiency and safety at mine sites.
- The company will use the proceeds to fund R&D in core technologies, expand capacity for intelligent equipment, and strategize expansion in domestic and overseas markets.
Introduction to Boonray Technology
Boonray Technology, a tech innovator focused on mining scenarios, has announced the completion of a new funding round. This round has brought the company’s cumulative fundraising in 2025 to over RMB 1 billion, a significant milestone that demonstrates strong confidence in its technology path and business prospects. As a provider of battery-electric autonomous mining trucks and zero-carbon unmanned mine solutions, Boonray is poised to revolutionize the mining industry with its cutting-edge technologies.
Boonray’s Technology and Business Prospects
Boonray’s technologies are designed to markedly improve operational efficiency and safety at mine sites, while electrification and intelligence drive a greener, low-carbon transition. The company’s vehicle–cloud–network integrated stack offers full-stack unmanned mine operations solutions, including battery-electric autonomous mining trucks, intelligent dispatch systems, and remote-driving platforms. This integrated approach aligns with China’s "dual-carbon" targets, which aim to reduce carbon emissions and promote sustainable development. With its technologies already achieving commercial deployment and scaled operations at multiple large mines in China, Boonray has established a strong market position in the autonomous mining segment.
Expansion and Growth Plans
The proceeds from the funding round will primarily be used to fund R&D in core technologies, including the optimization and iteration of autonomous-driving algorithms and vehicle electronic control systems. Additionally, the capital will expand capacity for intelligent equipment to meet growing demand. Boonray will also speed up strategic expansion in domestic and overseas markets, deepen ecosystem cooperation with partners across the value chain, and build a more resilient collaboration network. These moves are intended to cement and extend the company’s edge in global smart-mine development. The sizable raise not only injects momentum into Boonray’s next phase of growth but also signals that autonomous mining is entering a new stage of scaled commercial deployment and heightened investor focus.
Seeds Discovery and Industry Empowerment
The announcement of Boonray’s funding round is part of Gasgoo’s Seeds Discovery column, a service platform designed to link startups, supply-chain ecosystem partners, investors, and local governments. The column aims to empower the industry end to end by surfacing companies, technologies, and business models that offer meaningful guidance amid the wave of intelligent transformation. Since its launch, Seeds Discovery has focused on helping the sector’s innovation forces grow, and virtually all startups covered by the column have successfully connected with supply-chain ecosystem resources. This platform plays a crucial role in promoting innovation and development in the autonomous mining segment, enabling companies like Boonray to secure funding and expand their operations.
Conclusion and Future Outlook
In conclusion, Boonray Technology’s completion of a new funding round marks a significant milestone in the company’s growth and development. With its strong technology path and business prospects, Boonray is well-positioned to lead the way in the autonomous mining segment. As the company continues to expand its operations and develop its technologies, it is likely to play a major role in shaping the future of the mining industry. With the support of investors and partners, Boonray is poised to drive innovation and growth in the sector, promoting a greener, low-carbon transition and improving operational efficiency and safety at mine sites. As the autonomous mining segment continues to evolve, companies like Boonray will be at the forefront of this transformation, driving growth and development in the industry.