AI Company “Plus” Raises $200 Million In New Funding for Autonomous Trucking

AI is coming after those trucking jobs, Truck drivers need not apply.

  • Plus, Raises $200 million of funding led by new investors Guotai Junan International, private equity investor CPE, and Wanxiang International Investment.
  • Self-Driving Trucking Startup Taps U.S., Chinese Investors for hundreds of millions in cash

Plus, is a startup developing autonomous truck technology, today announced it has completed a $200 million series B round led by new investors Guotai Junan, Hedosophia, and Wanxiang. Plus plans to use the funds to accelerate the commercialization and deployment of its automated trucking system.

“It would benefit everyone to have a deeper understanding of automated trucks, how they work, and how they can make our world better. With 70% of the goods we use and consume daily transported by trucks, these vehicles have a significant impact on our lives and our economy.

Heavy trucks are not vehicles most consumers have operated, so we are excited to work with PAVE and fellow members to create opportunities for the public to learn more about automated trucking and our technology,” said Shawn Kerrigan, COO and Co-founder, Plus.

AI Company “Plus” is expecting to begin mass production in 2021. The company will also scale deployments in the U.S. and China and expand to Europe and other parts of Asia.

The future of trucking is looking dark for drivers.

According to a report from Goldman Sachs Economics Research, When autonomous vehicle saturation peaks, U.S. drivers could see job losses at a rate of 25,000 a month, or 300,000 a year.

Another Company Uber formally launched Uber Freight with self-driving technology as well, expanding the reach of autonomous vehicle in the trucking industry