Autonomous trucking software developer Embark Trucks is collaborating with system-on-a-chip maker Nvidia Corp. to handle the enormous amount of data its plug-and-play autonomous software system generates.
Embark is at least the second autonomous trucking company to tap Nvidia, which is an investor in and works with TuSimple Holdings. Torc Robotics, owned by Daimler Trucks, is using Amazon Web Services to help with its computing needs in creating a Level 4 high-autonomy Freightliner Cascadia...
Self-driving truck software startup Plus is reportedly in talks to merge with the same investor group that brought public electric vehicle startup Canoo Inc. (NASDAQ: GOEV), school bus maker Blue Bird Corp. (NASDAQ: BLBD) and flatbed logistics specialist Daseke Inc. (NASDAQ: DSKE).
Rumors of the Cupertino, California-based startup aligning with a special purpose acquisition company (SPAC) have circulated for months. Bloomberg reported Friday that Plus is in talks with Hennessy Capital Investment...
https://s29755.pcdn.co/news/spac-rumor-mill-churns-over-autonomous-truck-software-developer-plus
Self-driving truck technology developer Plus has completed its Series B funding round, pulling in $200 million from returning backers and new investors from China. In total, Plus has raised nearly $400 million.
The new investors include Hong Kong-listed Guotai Junan International, China’s leading securities firm, and Wanxiang, a top Chinese automotive components supplier. SAIC, China’s largest carmaker; and Full Truck Alliance, the world’s largest trucking platform serving more than 10 million...
The Daily Dash is a quick look at what is happening in the freight ecosystem. In today’s edition, reports suggest that autonomous truck startup TuSimple is not meeting revenue projections, Knight-Swift continues a trend of better-than-expected second-quarter earnings results, a long-running court battle concludes, and how innovative fleets are benefiting from open technology platforms.
Just a little short
Autonomous truck startup TuSimple is not meeting its revenue projections, according to a...