Full Truck Alliance is reportedly set to reinvest in driverless truck developer PlusAI as part of a round that will value it at more than $1bn.

US-based autonomous truck developer PlusAI plans to raise $200m from investors including trucking services marketplace Full Truck Alliance, DealStreetAsia reported today, citing people familiar with the matter. Venture capital firm and fellow existing investor Sequoia Capital is also set to participate in the round, and the company is close to securing the money at a…

The rest of this content is only accessible to Subscribers.

This content is only accessible to subscribers. If you are a subscriber, please sign in. Otherwise, if you would like to try before you buy and haven't previously taken out a free trial, you can do so below. You can also see details on subscriptions by clicking the Subscription Options button.