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Announced

TuSimple raised $215m in Series D financing round.

Financials

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Transaction Value£172m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Venture Capital

Private Equity

Acquisition

Single Bidder

Friendly

Private

United States

Pending

Electronic Components and Equipment

self-driving technology

Synopsis

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TuSimple, a global autonomous driving company, raised $215m in Series D financing round. The round was led by SINA, with participation from UPS, CDH Investments and leading automotive tier-1 supplier Mando Corporation. "TuSimple continues to impress the automotive and investor community with its progress towards creating the world's first commercial self-driving truck solution. TuSimple's technology is at a pivotal point for maturity and it has huge market potential, which is why we wanted to deepen our relationship with TuSimple and become a strategic investor." Jae Chung, CFO, Mando.

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