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New Deal


Announced

Completed

FountainVest Partners and ClearVue Partners led a $220m funding round in Plus.

Financials

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Transaction Value£160m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Completed

Acquisition

Minority

Single Bidder

Cross Border

Private Equity

Friendly

Private

Automobiles

self-driving vehicles

United States

Venture Capital

Synopsis

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FountainVest Partners and ClearVue Partners led a $220m funding round in Plus, provider of self-driving truck technology, with participation from Quanta Computer, Phi Zoyi Capital, Millennium Technology Value Partners, Sequoia Capital China, SAIC Capital, and Full Truck Alliance. "Plus is the only autonomous trucking company to start mass production of its autonomous driving system this year and this investment will help fuel plans to bring our automated trucks to market. We are grateful to our investors, partners, customers, and team for sharing in our vision to make trucking safer and greener," David Liu, Plus CEO and Co-founder.

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