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News, Analysis & Perspective on Autonomous Vehicles

With new funding, startup Plusai set to unveil Level 2 driverless vehicles

Sequoia Capital-backed PlusAI Inc. is close to raising about $200 million in new funds at a valuation of more than $1 billion to bankroll its development in autonomous trucks, according to people familiar with the matter. The self-driving truck startup is working with advisers on the funding round with plans to set up a joint venture with one of the country’s largest truck makers FAW Jiefang, a subsidiary of state-owned China FAW Group Co., the people said.

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