TuSimple Holdings Inc., which is developing autonomous trucks now on the road in Texas and Arizona, said on Thursday it had raised $1.35 billion through an initial public offering, valuing the self-driving truck startup at nearly $8.5 billion.
Backed by Volkswagen’s commercial trucking unit and United Parcel Service Inc., TuSimple is developing self-driving trucks with Navistar International Corp., whose production is slated to start in 2024.
