What's Hot

    Italian football league Lega Serie A opens office in Abu Dhabi

    March 11, 2023

    Vatican to return three Parthenon sculptures to Greece

    March 9, 2023

    UK government denies that the expulsion of asylum seekers is illegal

    March 9, 2023
    Facebook Twitter Instagram
    Niger LiveNiger Live
    • Automotive
    • Business
    • Entertainment
    • Health
    • Lifestyle
    • Luxury
    • News
    • More
      • Sports
      • Technology
      • Travel
    Niger LiveNiger Live
    Home » Self-driving truck company Plus upsizes fundraising
    Automotive

    Self-driving truck company Plus upsizes fundraising

    April 17, 2021
    Facebook Twitter Pinterest Reddit Telegram LinkedIn Tumblr VKontakte WhatsApp Email
    Plus (formerly Plus.ai), a leading provider of self-driving truck technology, announced it has added $220 million in new financing co-led by FountainVest Partners and ClearVue Partners, with participation from Quanta Computer Inc., Phi Zoyi Capital, and Millennium Technology Value Partners. The company’s existing investors including Sequoia Capital China, SAIC Capital, and Full Truck Alliance (FTA) also participated. This investment is an extension of the $200 million round announced last month, which was led by CPE and Guotai Junan International.
    Self-driving truck company Plus upsizes fundraising

    The additional funds will enable Plus to further expand its global operations and commercial deployment plans across the U.S., China, Europe and other parts of Asia for its driver-in autonomous driving solution, PlusDrive. The company is in the final stages of certifying PlusDrive for commercial operation in China. Mass production for the PlusDrive-powered automated truck jointly developed with FAW, the world’s largest heavy truck maker, is set to start this summer.

    Plus is the only autonomous trucking company to start mass production of its autonomous driving system this year and this investment will help fuel plans to bring our automated trucks to market. Self-driving technology will be transformational for the trucking industry by making the world safer and greener, and helping fleets drive more fuel efficiency and reduce operating costs. With the mass production of its autonomous driving system this year, Plus is hitting an important inflection point for the company.
    Autonomous driving is going to revolutionize the world, across consumer and commercial applications and speeding up the development of autonomous trucking technology will create immense economic and environmental impact. Plus is well poised to take a leadership role in driving this fundamental change in the transportation industry through its innovations in autonomous driving technology and business model. Plus has started to deliver the benefits of autonomous trucking by applying the technology to trucks and this thoughtful approach that Plus is taking to build a sustainable company is expected to pave way for its continued success.
    Share. Facebook Twitter Pinterest LinkedIn Reddit Email

    Related Posts

    Mercedes-Maybach launches its first plug-in hybrid vehicle

    February 13, 2023

    Chevrolet unveils an electrified Corvette E-Ray

    January 18, 2023

    BMW i Vision Dee – a car that changes colors

    January 7, 2023

    Driverless robotaxi tests begin in Beijing with Baidu and Pony.ai

    December 31, 2022
    Latest News

    Italian football league Lega Serie A opens office in Abu Dhabi

    March 11, 2023

    Vatican to return three Parthenon sculptures to Greece

    March 9, 2023

    UK government denies that the expulsion of asylum seekers is illegal

    March 9, 2023
    © 2021 Niger Live | All Rights Reserved
    • Home
    • Contact Us

    Type above and press Enter to search. Press Esc to cancel.