PlusAI

PlusAI

Develops autonomous driving systems for trucks

About PlusAI

Simplify's Rating
Why PlusAI is rated
B
Rated B on Competitive Edge
Rated A on Growth Potential
Rated C on Rating Differentiation

Industries

Automotive & Transportation

Energy

Company Size

201-500

Company Stage

Late Stage VC

Total Funding

$821.7M

Headquarters

Santa Clara, California

Founded

2016

Overview

Plus.ai develops self-driving systems specifically for heavy trucks, aiming to improve safety, comfort, and reduce carbon emissions in long-haul trucking. Their main product, PlusDrive, is designed to enhance the efficiency of commercial transportation. The system operates through a closed-loop learning mechanism, allowing for continuous updates and improvements via over-the-air software updates. Plus.ai differentiates itself from competitors by focusing on partnerships with large logistics firms and truck manufacturers, and by conducting extensive testing to validate their technology. The company's goal is to lead the autonomous trucking industry by providing solutions that make transportation safer and more sustainable.

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Simplify's Take

What believers are saying

  • Partnership with TIER IV addresses Japan's driver shortage with Autonomy 2.0.
  • Collaboration with TRATON marks a significant step in commercializing autonomous trucks.
  • Plus's partnership with Alibaba Cloud enhances its technological infrastructure.

What critics are saying

  • Increased competition from companies like Waymo and Tesla threatens market share.
  • Potential regulatory delays could slow deployment in key markets like the U.S.
  • Supply chain constraints, especially in semiconductors, may hinder production scaling.

What makes PlusAI unique

  • Plus is a leader in autonomous trucking with its PlusDrive system.
  • Partnerships with global brands like Hyundai and TRATON enhance Plus's market presence.
  • Plus's AI-based PlusProtect technology addresses critical safety concerns in transportation.

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Funding

Total Funding

$821.7M

Above

Industry Average

Funded Over

4 Rounds

Notable Investors:
Late VC funding comparison data is currently unavailable. We're working to provide this information soon!
Late VC Funding Comparison
Coming Soon

Benefits

Company Equity

Growth & Insights and Company News

Headcount

6 month growth

ā†“ -6%

1 year growth

ā†‘ 0%

2 year growth

ā†‘ 0%
PR Newswire
Mar 10th, 2025
Plus And Tier Iv Partner To Advance Autonomy 2.0 In Japan, Starting With Driverless Trucks

TOKYO and SANTA CLARA, Calif, March 10, 2025 /PRNewswire/ -- Plus , a global leader in AI-based autonomous trucking software, and TIER IV , the pioneering force behind the world's first open-source software for autonomous driving, today announced a strategic partnership to accelerate the development and deployment of advanced autonomous driving solutions, Autonomy 2.0, in Japan, starting with Level 4 autonomous trucks on Japan's expressways. The collaboration supports a Japanese government-led initiative to expedite the development of autonomous driving technologies, aimed at addressing the country's critical driver shortage.As part of the collaboration, Plus and TIER IV will co-create a customized autonomous driving software solution for the Japan market by integrating Plus's end-to-end virtual driver AI model with TIER IV's platform based on Autoware*, open-source software for autonomous driving championed by TIER IV.TIER IV's CEO Shinpei Kato said: "We've always believed that co-creation with our partners is the fastest way to bring the best autonomous driving systems to the world. Plus is a global autonomous driving software company that's already powering the Level 4 autonomous trucks of leading truck makers in the United States and Europe like TRATON GROUP's Scania, MAN and International, Iveco Group, as well as Hyundai. This makes Plus the ideal partner to accelerate deployment of Autonomy 2.0-based autonomous driving technology in Japan, starting with autonomous trucks.""Driverless trucks are a necessary solution to address Japan's acute truck driver shortage and aging population," said David Liu, CEO and Co-Founder of Plus. "We are excited to leverage our AV2.0 Generative AI-based autonomous driving technology and expertise in deploying autonomous trucks with global truck makers to work with TIER IV to accelerate the rollout of driverless trucks in Japan."A study by the Nomura Research Institute projected a 36% shortfall in truck drivers in Japan by 2030. To address this challenge, Plus and TIER IV are joining forces, leveraging TIER IV's experience and proven track record in the Ministry of Economy, Trade and Industry (METI) project to develop autonomous trucks based on vehicles from Japanese vehicle manufacturers

Forbes
Mar 10th, 2025
Plus And Tier Iv Partner To Deploy Driverless Trucks In Japan

Plus and TIER IV have partnered with Japan's METI to accelerate deployment of autonomous driving. [+] solutions, with Level 4 autonomous trucks on Japanā€™s expressways. PlusPlus, a globally-focused leader in AI-based autonomous trucking software, and TIER IV, a key force behind the worldā€™s first open-source software for autonomous driving, today announced a strategic partnership to accelerate the development and deployment of advanced autonomous driving solutions, Autonomy 2.0, in Japan, starting with Level 4 autonomous trucks on Japanā€™s expressways. The collaboration supports a Japanese government-led initiative to expedite the development of autonomous driving technologies, aimed at addressing the countryā€™s critical driver shortage.As part of the collaboration, Plus and TIER IV will provide a customized autonomous driving software solution for the Japan market by integrating Plusā€™s end-to-end virtual driver AI model with TIER IVā€™s platform based on Autoware*, open-source software for autonomous driving championed by TIER IV.The trials will occur on the Shin-Tomei Expressway.TIER IVā€™s CEO Shinpei Kato said: ā€œWeā€™ve always believed that co-creation with our partners is the fastest way to bring the best autonomous driving systems to the world. Plus is a global autonomous driving software company thatā€™s already powering the Level 4 autonomous trucks of leading truck makers in the United States and Europe like TRATON GROUPā€™s Scania, MAN and International, Iveco Group, as well as Hyundai. This makes Plus the ideal partner to accelerate deployment of Autonomy 2.0-based autonomous driving technology in Japan, starting with autonomous trucks.ā€ā€œDriverless trucks are a necessary solution to address Japanā€™s acute truck driver shortage and aging population,ā€ said David Liu, CEO and Co-Founder of Plus

Forbes
Mar 10th, 2025
Plus,Tier Iv To Collaborate On Self-Driving In Japan, With Trucks

A self-driving semi-truck at the CES tech show in Las Vegas in 2022. Photo: Andrej Sokolow/dpa. [+] (Photo by Andrej Sokolow/picture alliance via Getty Images) dpa/picture alliance via Getty ImagesPlus, which has developed AI-based autonomous truck software, and Tier IV announced a partnership to speed up the development and deployment of self-driving systems in Japan.The companies said in a statement their system will be called Autonomy 2.0 in Japan.The Plus-Tier IV project comes as Japan faces a shortfall of truck drivers.The partnership will ā€œaccelerate the development and deployment of advanced autonomous driving solutionsā€¦in Japan, starting with Level 4 autonomous trucks on Japanā€™s expressways,ā€ according to a statement.The move ā€œsupports a Japanese government-led initiative to expedite the development of autonomous driving technologies,ā€ Plus and Tier IV said.The companies added they will co-create ā€œa customized autonomous driving software solution for the Japan market.ā€ā€œWeā€™ve always believed that co-creation with our partners is the fastest way to bring the best autonomous driving systems to the world,ā€ Tier IV CEO Shinpei Kato said in the statement. ā€œPlus is a global autonomous-driving software companyā€¦This makes Plus the ideal partner to accelerate deploymentā€ of autonomous driving technology in Japan.ā€œDriverless trucks are a necessary solution to address Japanā€™s acute truck driver shortage and aging population,ā€ David Liu, CEO of and co-founder of Plus, said in the statement. Plus wants to work with Tier IV ā€œto accelerate the rollout of driverless trucks in Japan.ā€The Normura Research Institute has projected a 36% shortfall in truck driver in Japan by 2030.The companies say Plus is leveraging Tier IVā€™s experience in the Ministry of Economy, Trade and Industry project to develop self-driving trucks based on vehicles from Japanese vehicle manufacturers. Plus and Tier IV ā€œwill pave the way for more innovative and efficient transport for the Japanese market,ā€ the companies said in the statement.The auto industry globally is grappling with how to develop driverless technology

PR Newswire
Oct 30th, 2024
Plus Together With Traton Group Brands Scania, Man, And International Launch Global Release Of Level 4 Autonomous Trucking Software In Europe And The U.S. And Move To Next Phase Of Commercializing Autonomous Trucks

SANTA CLARA, Calif. and MUNICH, Oct. 30, 2024 /PRNewswire/ -- Plus together with the TRATON GROUP brands Scania, MAN, and International marked the successful completion of their initial phase of collaboration to bring driverless trucks to the world. The milestone was achieved by the release of the Beta 5.0 version of Plus's Level 4 AI-based autonomous driving software, SuperDriveā„¢, which is now operational in TRATON autonomous trucks in Europe and the U.S. and after months of public road testing on both continents. The companies have also mapped hub-to-hub routes for phased commercial deployment in Texas

Gasgoo
Sep 23rd, 2024
Alibaba Cloud teams with Plus to build cloud-based autonomous driving solution

Beijing (Gasgoo)- On September 20, 2024, at the Apsara Conference 2024, autonomous commercial vehicle technology firm Plus announced a comprehensive partnership with Alibaba Cloud.

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