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New Deal


Announced

Completed

Guotai Junan and Wanxiang led a $200m Series B round in Plus.

Financials

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Transaction Value£145m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Venture Capital

Completed

United States

Minority

Private

Acquisition

Friendly

Automobiles

self-driving vehicles

Private Equity

Single Bidder

Cross Border

Synopsis

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Guotai Junan, a securities firm, and Wanxiang, a Chinese automotive components supplier, led a $200m Series B round in Plus, a self-driving truck technology developer, with participation from SAIC, Full Truck Alliance, Sequoia Capital, Lightspeed Venture Partners and GSR Ventures. "The additional funding and continued support of our investors will help us further scale our commercialization efforts, enabling us to serve fleets in more countries," David Liu, Plus CEO.

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