TuSimple: Banking on autonomous trucking in the US

China

6 min read

Apr 06, 2021

By Wang Xiao'e

TuSimple aims to scale its Waymo-style driverless trucking network to disrupt the $4tn global truck freight market starting with the US, with mass production by 2024

China’s AI tech unicorn TuSimple got one step closer to become the world’s first public-listed Level-4 (L4) autonomous driving company with its filing of an IPO with the US Securities and Exchange Commission last month. If the IPO is given the go-ahead, the Nasdaq-listing would be a milestone for the nascent smart-trucking logistics industry.
To date, TuSimple has completed 10 funding rounds and raised over $800m from prominent backers Sina, Nvidia, CDH Investments, UPS, Werner Enterprises and Goodyear Ventures. Investors and logistics companies are betting on autonomous trucking...

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Edited by Suzanne Soh, S. Mani

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