TuSimple, an autonomous trucking startup based in San Diego focused on long-haul highway routes, announced it raised a $95 million Series D on Wednesday. Its the latest in a string of autonomous vehicle financings, each with a different twist.
Last week, urban delivery startup Nuro and autonomous driving startup Aurora raised nine-digit rounds. This week it was autonomous shuttle startup May Mobility and TuSimple with noteworthy new capital. TuSimple says it expects its technology to be “validated” and safety drivers removed by next year, though it may take a little longer for the company’s manufacturing partners to be ready to launch a full vehicle ready for sales, executives told The Information at CES last month.
TuSimple is testing on highways in southwestern states like Texas and Arizona. The company has plenty of hurdles aside from getting the tech right, including strong competitors like Embark and Waymo, as well as tough rules on autonomous truck testing in various states.