Big news from the world of autonomous vehicles! Plus, a company known for developing self-driving software for trucks, just announced it’s going public through a merger with Churchill Capital Corp IX.
And guess what? After the merger, the company will go by the name PlusAI.
So, what’s the big deal?
This merger is set to bring in $300 million in funding, giving PlusAI a strong push to grow and roll out its tech globally. Here’s a quick breakdown of what’s happening:
- It all began in 2016, when two Stanford grads founded Plus, now headquartered in Santa Clara.
- They specialize in AI-powered software that helps big commercial trucks drive themselves.
- Their self-driving system, SuperDrive, has already logged over 5 million miles across the U.S., Europe, and Asia.
- Plus teams up with big names in the trucking world, including Hyundai, Traton Group, and Iveco.
- The company plans to offer its software as a “driver-as-a-service” model—charging trucking companies per mile.
What’s Next?
- SuperDrive is currently being tested on public roads in Texas and Sweden.
- The full commercial launch is expected by 2027.
- Initially, PlusAI will target the U.S. market, then expand into Europe.
The team behind Churchill Capital said they chose Plus because of its safety-focused tech and its smart go-to-market strategy.
And yes, this isn’t Plus’ first attempt at going public—they were in talks for a similar move back in 2021!
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Disclaimer: This article is based on publicly available information and sources cited below.
Sources: Yahoo Finance, LinkedIn, Trucking Dive
