PlusAI, a Leader in Physical AI Pioneering AI-Based Virtual Driver Software for Factory-Built Autonomous Trucks, to Become Publicly Listed Through Business Combination with Texas Ventures Acquisition III Corp - Transaction values PlusAI at approximately $800 million pre-money equity value - Transaction potentially brings up to approximately $300 million in capital between $60+ million of fully committed financing and theTexas Ventures Acquisition III Corp $236 million to support PlusAI’s execution of its commercialization roadmap - HyperFoundry™, PlusAI’s integrated software development platform to develop and validate autonomous and physical AI systems, has generated $25 million of revenue, and PlusAI is targeting an aggregate of$40-50 million of contracted revenue in 2026. - SuperDrive™, PlusAI’s Level 4 autonomous driving system for commercial trucks, is being deployed with autonomous fleet trials; estimated opportunity is $1B+ ARR at scale - Capital-efficient, OEM-led software model enables scalable deployment and global expansion with PlusAI’s partners, including TRATON, Hyundai and IVECO - Positioned to address the $1.7 trillion trucking market with a recurring Driver-as-a-Service model - Transaction expected to support PlusAI’s commercialization roadmap, including continued OEM integration and targeted 2027 commercial launch of factory-built autonomous trucks The transaction comes as PlusAI enters a period of accelerating commercial momentum. PlusAI is actively operating autonomous freight routes in PlusAI: A Compelling Physical AI Investment Opportunity Revenue Today, Autonomy Tomorrow : HyperFoundry monetizes proprietary physical AI assets today, with Proven Autonomous Driving Technology Operating in Commercial Freight Today : SuperDrive is already transporting freight in commercial operations in Capital-Efficient, OEM-Led Commercialization : PlusAI partners with TRATON, Hyundai and IVECO to deploy factory-built autonomous trucks through existing manufacturing, sales and service channels. Addressing a Massive Market Opportunity : Autonomous trucking addresses driver shortages, rising labor costs and increasing freight demand while improving utilization and fleet profitability. Disciplined Execution and AI-Native Cost Structure: PlusAI