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Don't expect self-driving trucks to take over the highways any time soon

COLUMBUS, Ind. During the OUTLOOK 69, Market Vitals seminar, presented Aug. 22-24 by ACT Research, many attendees expected answers about autonomous ....

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Watch a Driverless Truck Operate 100 Percent Autonomously in Highway Traffic

Watch a Driverless Truck Operate 100 Percent Autonomously in Highway Traffic ....

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Self-driving truck startup Plus to go public through $3.3 billion SPAC deal

Self-driving truck startup Plus to go public through $3.3 billion SPAC deal
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Last Updated: May 10, 2021, 04:16 PM IST
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Reuters
FILE PHOTO: A truck is loaded with soybeans at a farm in Porto Nacional, Tocantins state, Brazil March 24, 2018. Picture taken March 24, 2018. REUTERS/Roberto Samora/File Photo
Plus said on Monday it would go public through a merger with blank-check company Hennessy Capital Investment Corp. V in a deal that values the self-driving truck technology startup at $3.3 billion.
The combined company will get proceeds of $500 million from the deal, including a private investment of $150 million. Investors in the deal include BlackRock and D.E. Shaw group, among others. ....

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Self-driving truck startup Plus to go public through $3.3 bln SPAC deal

TechnologySelf-driving truck startup Plus to go public through $3.3 bln SPAC deal
Reuters
2 minute read
Plus said on Monday it would go public through a merger with blank-check company Hennessy Capital Investment Corp. V (HCIC.O) in a deal that values the self-driving truck technology startup at $3.3 billion.
The combined company will get proceeds of $500 million from the deal, including a private investment of $150 million. Investors in the deal include BlackRock (BLK.N) and D.E. Shaw group, among others.
In February, Plus raised $200 million in a funding round, co-led by brokerage Guotai Junan International and private equity firm CPE, according to data from Pitchbook. ....

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Foley Weekly Automotive Report - May 2021 | Foley & Lardner LLP

This report helps automotive suppliers inform their legal and operational decisions to help address challenges and opportunities. Key Developments - . ....

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