PlusAI Timeline

Events

• 2026-10-13 - Market Signal - PlusAI and Texas Ventures III file S-4 for proposed business combination - The S-4 advances the combination agreed on 3 September; SEC effectiveness and transaction closing remain pending. The proposed transaction retains approximately $800 million pre-money equity value and up to approximately $300 million of conditional capital.… - source: finanznachrichten.de
• 2026-09-03 - Market Signal - PlusAI signs new $800M business combination agreement - The transaction values PlusAI at approximately $800 million on a pre-money equity basis. It could provide up to about $300 million, including more than $60 million of committed financing and roughly $236 million held in the SPAC trust. Closing is expected in… - source: plus.ai
• 2026-04-20 - Market Signal - PlusAI transaction termination becomes effective - The termination became effective April 20, 2026 and was announced the following day. The parties cited market conditions and ended the agreement by mutual consent. The termination ended the transaction before PlusAI began public trading through Churchill IX. - source: sec.gov
• 2026-03-31 - Deployment - PlusAI begins 600-mile Texas autonomous freight trial - The trial uses factory-built International LT Series trucks with safety operators during the commercial-readiness phase. Ryder provides fleet maintenance and support for the route. PlusAI is using operating data from the daily service to advance its… - source: plus.ai
• 2025-06-05 - Market Signal - PlusAI signs Churchill IX business combination at $1.2B pre-money value - The proposed transaction contemplated up to $300 million of gross proceeds. Completion remained subject to shareholder, regulatory and other closing conditions. The parties later mutually terminated the agreement on April 20, 2026, before the proposed… - source: sec.gov
• 2023-01-03 - Demonstration - Aeva and Plus unveil Aeries II configuration for PlusDrive - The design integrated Aeries II into a Class 8 truck running PlusDrive. The companies planned to display the configuration at CES 2023. Aeva and Plus said they had collaborated on autonomous-truck lidar validation since 2019. - source: aeva.com
• 2021-03-31 - Funding - PlusAI adds $220M extension to its February financing - FountainVest Partners and ClearVue Partners led the extension; Quanta Computer, Millennium Technology Value Partners, Sequoia Capital, SAIC Motor and Full Truck Alliance also participated. Plus earmarked the new capital for autonomous-truck production and… - source: investing.com
• 2021-02-10 - Funding - PlusAI raises $200M to scale autonomous-truck commercialization - Plus earmarked the capital for automated-truck commercialization, global operations and engineering growth. An additional $220 million extension followed in March 2021, bringing the two-close financing sequence to $420 million. - source: businesswire.com
• 2021-02-09 - Commercial Order - Ouster signs minimum 2,000-sensor supply agreement with PlusAI - Ouster will provide engineering support for Plus’s automated-driving rollout across multiple continents. Most of Ouster’s production volume had moved to Benchmark Electronics in Thailand to support increased sensor supply. - source: investors.ouster.com