Self-driving trucks startup TuSimple raises $350M from U.S. rail, retail and freight giants

Self-driving trucks startup TuSimple raises $350M from U.S. rail, retail and freight giants

4 years ago
Anonymous $RGO3jP_V_c

https://techcrunch.com/2020/12/02/self-driving-trucks-startup-tusimple-raises-350m-from-u-s-rail-retail-and-freight-giants/

Self-driving trucks startup TuSimple has closed a $350 million funding round from a diverse consortium of strategic investors that include major U.S. corporations in rail, retail and freight, according to sources familiar with the deal. 

The round, which was oversubscribed, was led by VectoIQ LLC, confirming a report by TechCrunch in September. VectoIQ is the consulting and investment company founded by Steve Girsky, the former GM vice chairman, consultant and investor whose special purpose acquisition company merged with hydrogen electric startup Nikola Corp. this summer.