Plus (formerly Plus.ai), a U.S. self-driving truck technology group, has completed a $200 million round of new funding led by new investors Hong Long investment bank Guotai Junan International, CPE, and Wanxiang International Investment. Plus plans to use the new funds to accelerate the global commercialisation and deployment of its automated trucking system.
Strategic investors include SAIC Capital, the investment arm of China’s largest carmaker SAIC Motor Co., and FTA, world’s largest trucking platform serving over 10 million truckers and five million shippers.
Plus specialises in providing full-stack self-driving technology to enable large scale autonomous commercial transport.
David Liu, CEO and Co-founder, Plus, says: “Trucking accidents and growing truck driver shortage affect our economy and daily lives. All of us at Plus are inspired every day to develop automated trucks that are going to make our world safer and greener, and help fleets drive more fuel efficiently and reduce operating costs. The additional funding and continued support of our investors will help us further scale our commercialization efforts, enabling us to serve fleets in more countries.”
Headquartered in Cupertino, California, automated trucks powered by the Plus automated driving system will start mass production this year, and over 10,000 units have been pre-ordered. In the next few years, Plus expects to have its automated driving system deployed on tens of thousands of trucks across the U.S., China, and Europe.