TuSimple may be the country’s largest self-driving...
Plus.ai, an autonomous trucking startup based in the U.S. and China, is in talks to raise $60 million, the Information reported.
Hong Kong-based investment and securities firm Guotai Junan International would lead the raise, according to the Information, and it would put Plus.ai’s valuation in the range of $600 million to $1 billion.
Plus.ai did not immediately return FreightWaves’ request for comment.
In 2019 Plus.ai reportedly held discussions with SoftBank to raise $200 million, but the raise...
https://www.freightwaves.com/news/plusai-reportedly-seeking-$60m
Autonomous trucking startup TuSimple is joining forces with Navistar International Corp. (NYSE: NAV), a producer of commercial trucks, proprietary diesel engines, and school and commercial buses, to develop self-driving semi-trucks.
The partnership, announced Wednesday, builds on a two-year relationship between the companies and marks a milestone for TuSimple, establishing the startup as a preferred supplier of autonomous trucking technology.
“TuSimple and Navistar began joint development of...
Some of the biggest names in autonomous trucking were among the businesses that received a loan of more than $150,000 from the federal Paycheck Protection Program (PPP).
Leading self-driving trucking company TuSimple, with offices in the U.S. and China, received a loan between $2 million and...
https://s29755.pcdn.co/news/autonomous-trucking-companies-reap-millions-in-ppp-loans
Autonomous trucking technology startup TuSimple announced on Wednesday the launch of a national transportation network that it says is designed to help bring self-driving trucks to market safely and efficiently.
The Autonomous Freight Network (AFN) consists of self-driving trucks, digital mapped routes, shipping...
https://s29755.pcdn.co/news/tusimple-to-build-5g-network-of-autonomous-trucking
Former Navistar and GM senior executive Dennis Mooney has joined the Plus.ai advisory board, the autonomous trucking company announced today.
Mooney will leverage his experience in global product development for automotive and truck manufacturers to work with the Plus.ai team to help bring autonomous trucks to market, according to a press release.
“We are very pleased to welcome Denny to our advisory board and look forward to his counsel across our engineering, product and commercialization...
Heavy-hitters representing the business, safety and insurance sectors of the trucking industry are opposing Pronto AI’s request for exemption from hours-of-service (HOS) rules that the startup contends are needed to help demonstrate the safety and economic benefits of its autonomous technology.
Pronto AI’s petition, filed with federal regulators in April, seeks to allow drivers in trucks deploying the company’s technology to drive up to 13 hours within 15 hours from the beginning of their work...
https://www.freightwaves.com/news/pronto-ai-faces-uphill-road-to-hos-relief