PlusAI says the funding will support its plans for the commercial launch of factory-built autonomous trucks powered by its SuperDrive virtual driver software, targeted for 2027.
The companies have now filed a registration statement on Form S-4 with the SEC, including a preliminary proxy statement and prospectus for the proposed transaction.
“We remain focused on execution as we advance SuperDrive toward the targeted 2027 commercial launch of factory-built autonomous trucks with our global OEM partners.
Factory-built autonomous trucks PlusAI’s strategy centers on integrating its SuperDrive autonomous driving system into trucks at the factory rather than relying solely on retrofitting existing vehicles.
Subject to completion of the transaction, PlusAI expects the public listing to provide additional capital for the commercialization of SuperDrive and its broader physical AI technology.