Announced
Completed
Financials
Sources
Tags
Venture Capital
Completed
United States
Minority
Private
Acquisition
Friendly
Automobiles
self-driving vehicles
Private Equity
Single Bidder
Cross Border
Synopsis
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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