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Autonomous trucking software firm PlusAI to go public in $800 million SPAC deal

Sept 3 (Reuters) - PlusAI ⁠has agreed to go public through a merger ⁠with blank-check firm Texas Ventures Acquisition III Corp ‌in a deal valuing the autonomous trucking software developer at about $800 million in pre-money equity value, the companies said on Thursday.

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自动驾驶卡车软件公司 PlusAI 将通过 8 亿美元的 SPAC 交易上市。

FILE PHOTO: U.S. 100 dollar banknotes are seen in this picture illustration taken in Kiev, Ukraine, October 31, 2016. REUTERS/Valentyn Ogirenko/Illustration

Sept 3 (Reuters) - PlusAI ⁠has agreed to go public through a merger ⁠with blank-check firm Texas Ventures Acquisition III Corp ‌in a deal valuing the autonomous trucking software developer at about $800 million in pre-money equity value, the companies said on Thursday.

The deal comes ​as self-driving truck companies move from ⁠years of road testing ⁠to commercial services, with fleet operators exploring the technology ⁠to ‌lower logistics costs and ease driver shortages.

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