PlusAI

Supply chain relationships

• Ouster

  Inbound - Sensing - Ouster agreed to supply at least 2,000 digital lidar sensors for PlusDrive automated trucks

  Source

• 2021-03-31 - Financing extension - $220M - PlusAI adds $220M extension to its February financing

  PlusAI raised an additional $220 million in an extension of its February $200 million financing. - source: investing.com

• 2021-02-10 - Private financing - $200M - PlusAI raises $200M to scale autonomous-truck commercialization

  PlusAI completed a $200 million private financing led by Guotai Junan International, CPE and Wanxiang International Investment. - source: businesswire.com

• Full Truck Alliance - Participant - Unknown - 2 funding events - repeat backer - first seen 2021-02-10 - latest 2021-03-31
• ClearVue Partners - Participant - VC - 1 funding event - first seen 2021-03-31
• CPE - Participant - Unknown - 1 funding event - first seen 2021-02-10
• FountainVest Partners - Participant - VC - 1 funding event - first seen 2021-03-31
• Guotai Junan International - Participant - Unknown - 1 funding event - first seen 2021-02-10
• Millennium Technology Value Partners - Participant - VC - 1 funding event - first seen 2021-03-31
• Quanta Computer - Participant - Angel / Individual - 1 funding event - first seen 2021-03-31
• SAIC Motor - Participant - Angel / Individual - 1 funding event - first seen 2021-03-31
• Sequoia Capital - Participant - VC - 1 funding event - first seen 2021-03-31
• Wanxiang International Investment - Participant - Unknown - 1 funding event - first seen 2021-02-10

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. PlusAI expects a Nasdaq listing under PXAI after closing and targets a 2027 commercial launch of factory-built SuperDrive trucks.

  Source
• 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 2026, subject to shareholder approval and customary conditions; the combined company would continue as PlusAI.

  Source
• 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
• 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 commercial launch readiness.

  Source
• 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 transaction closed.

  Source
• 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
• 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 deliveries and for expanded research capabilities.

  Source
• 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
• 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

• Ouster signs minimum 2,000-sensor supply agreement with PlusAI

  2021-02-09 · Order / contract · Ouster signed a multi-year agreement to supply at least 2,000 digital lidar sensors for Plus’s initial automated-truck rollout.

  Source