Plus Raises $200M in Series D
Plus has successfully raised $200M in a Series D at a $1B valuation led by BlackRock, Guotai Junan International, Wanxiang Group, Full Truck Alliance.
Company Overview
Plus is a Autonomous Vehicles company headquartered in 3281 Mission College Boulevard, Santa Clara, CA 95054, founded in 2016 with 400+ employees.
Autonomous trucking technology
Fundraising Details
- Amount Raised: $200M
- Round Type: Series D
- Valuation: $1B
- Date: 2024-03-11
- Investors: BlackRock, Guotai Junan International, Wanxiang Group, Full Truck Alliance
About Plus
Autonomous trucking technology The company is positioned in the Autonomous Vehicles sector, serving a growing market with innovative solutions.
Key Information
- Headquarters: 3281 Mission College Boulevard, Santa Clara, CA 95054
- Founded: 2016
- Team Size: 400+
- Industry: Autonomous Vehicles
What This Means
This funding round demonstrates strong investor confidence in Plus's vision and execution. The capital will likely be used to:
- Scale Operations: Expand the team and operational capacity
- Product Development: Enhance existing products and develop new features
- Market Expansion: Enter new markets and strengthen presence in existing ones
- Technology Investment: Invest in infrastructure and technology capabilities
Industry Context
The Autonomous Vehicles sector continues to attract significant investment as companies innovate to meet evolving market demands. Plus's successful fundraising reflects the strong fundamentals and growth potential in this space.
Valuation Milestone
Reaching a $1B valuation marks an important milestone for Plus, positioning the company among notable players in the Autonomous Vehicles industry.
Looking Ahead
With this new capital, Plus is well-positioned to execute on its growth strategy and continue building innovative solutions in the Autonomous Vehicles space. The company's trajectory will be one to watch as it deploys this funding to achieve its next phase of growth.
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This fundraising news was reported on 2024-03-11. For more information about Plus, visit their headquarters at 3281 Mission College Boulevard, Santa Clara, CA 95054.
