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Driverless truck company TuSimple files for listing on Nasdaq

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TuSimple, a self-driving truck company, has filed a registration statement on Form S-1 with the US Securities and Exchange Commission relating to a proposed initial public offering of shares of its Class A common stock.

The number of shares to be offered and the price range for the proposed offering have not yet been determined. TuSimple intends to list its common stock on the Nasdaq Global Select Market under the ticker symbol “TSP”. Morgan Stanley, Citigroup and JP Morgan will act as lead book-running managers for the proposed offering. [Read more…] about Driverless truck company TuSimple files for listing on Nasdaq

TuSimple raises $215 million in ‘oversubscribed’ Series D funding round

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Autonomous haulage truck developer TuSimple has raised $215 million in its Series D funding round.

TuSimple says the new funds are “part of an extended Series D round that was oversubscribed and reached a total of $215 million”.

The round includes previously announced investor UPS, the global logistics company. [Read more…] about TuSimple raises $215 million in ‘oversubscribed’ Series D funding round

UPS invests in and already making deliveries with autonomous trucking company TuSimple

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Logistics giant UPS has invested in autonomous trucking startup TuSimple, and has already made some deliveries with driverless vehicles.

UPS says its venture capital arm, UPS Ventures, has made a minority investment in autonomous driving company TuSimple.

Together, both companies are testing self-driving tractor-trailers on a route in Arizona to determine whether the vehicles can improve service and efficiency in the UPS network. [Read more…] about UPS invests in and already making deliveries with autonomous trucking company TuSimple

US Postal Service testing driverless trucks from TuSimple

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The US Postal Service is testing driverless trucks from TuSimple in a two-week pilot program.

TuSimple, a self-driving truck company, says the USPS has awarded it a contract to perform five round trips during the trial, hauling USPS trailers more than 1,000 miles between the Postal Service’s Phoenix, Arizona and Dallas, Texas distribution centers.

The truck will have a safety engineer and driver on board for the duration of the pilot to monitor vehicle performance and to ensure public safety. [Read more…] about US Postal Service testing driverless trucks from TuSimple

TuSimple to launch autonomous truck for port logistics

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A startup company called TuSimple is said to be ready to launch its autonomous truck for logistics operations at seaports in China. (See video below.)

This is according to a report in the South China Morning Post, which says the company is in talks with 10 ports in the country and is just a couple of months away from rolling out is first driverless truck at one of those ports, possibly more.

The company has already conducted debut trials at the National Intelligent Connected Vehicle Pilot Zone in Shanghai, where the port is the second-busiest in the world.

TuSimple is a Chinese company with big-name investors in the US, including chipmaker Nvidia.  [Read more…] about TuSimple to launch autonomous truck for port logistics

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