Self-driving truck company Plus adds $220M to recent fundraising bringing total to $420M
Plus (formerly Plus.ai), a provider of self-driving truck technology, 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.
The additional funds will enable Plus to further expand its global operations and commercial deployment plans across the US, 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.