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Plus Raises $200 Million in New Funding to Advance Global Commercialization of Its Automated Trucks
February 10, 2021 GMT
Plus Automated Trucks (Photo: Business Wire)
CUPERTINO, Calif.--(BUSINESS WIRE)--Feb 10, 2021--
Plus (formerly Plus.ai), a leading provider of self-driving truck technology, announced it has completed a $200 million round of funding led by new investors Guotai Junan International, CPE, and Wanxiang International Investment. Existing investors including Full Truck Alliance (FTA) also participated.
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Plus Automated Trucks (Photo: Business Wire)
Plus plans to use the new funds to accelerate the global commercialization and deployment of its automated trucking system. As the company begins mass production in 2021, Plus will develop a sales and support network to help fleets integrate the Plus automated trucking system into their daily operations. The company will also scale deployments in the U.S. and China, and expand internationally to Europe and other parts of Asia. Growing the talented engineering team will also allow Plus to continue the development of its cutting-edge automated driving technology.