Plus mentioned its mission is to ship autonomous driving software program that creates worth in industrial trucking. | Supply: Plus
Plus Automation Inc., which is commercializing software program and synthetic intelligence for autonomous vehicles, yesterday introduced that it’s going public. Churchill Capital Corp IX, a particular objective acquisition firm or SPAC, acquired the corporate. The mixed entity will function as PlusAI.
“Trucking is the spine of the worldwide financial system, however the trade faces a persistent driver scarcity that autonomous trucking has the potential to unravel,” said Michael Klein, chairman and CEO of Churchill IX.
“Broad adoption relies on confidence in car efficiency and security, and Plus stands out with its superior digital driver platform and a customer-centric commercialization mannequin led by OEM companions,” he added. “With a software-focused, capital-efficient mannequin, Plus is well-positioned to scale, and we’re excited to companion with their gifted crew to assist the corporate’s subsequent section of development.”
Based in 2016 by know-how entrepreneurs with expertise in engineering, AI, and machine studying, Plus got down to develop a digital driver system. The Santa Clara, Calif.-based firm has deployed autonomous car know-how throughout the U.S., Europe, and Asia. Up to now, its know-how has been used for greater than 5 million miles of driving.
SuperDrive permits Degree 4 autonomous vehicles
SuperDrive is the core of the Plus know-how suite. The system permits SAE Degree 4 autonomous driving, mentioned the corporate. It encompasses a three-layer redundancy structure and is purpose-built to autonomously function heavy industrial vehicles.
In April 2025, Plus mentioned it achieved a key driver-out security validation milestone with SuperDrive. The corporate is at present conducting public highway testing in Texas and Sweden, with extra buyer fleet trials scheduled for the autumn of 2025.
Plus is focusing on the industrial launch of SuperDrive-enabled, factory-built autonomous vehicles in 2027, starting within the U.S. after which increasing into Europe. The firm additionally maintains operations in California, Texas, and Germany to assist commercialization and deployment.
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Plus lets OEMs paved the way to commercialization
Plus has centered its go-to-market technique on deep integration with industrial car makers, like TRATON GROUP, Hyundai, and IVECO. The corporate mentioned it expects these OEMs to factory-build, validate, ship, and assist autonomous vehicles powered by its digital driver.
This OEM-led mannequin permits for scalable deployment via trusted manufacturing and repair channels, famous Plus. These channels present fleet operators with a path to autonomy, it mentioned. Supporting this mannequin are strategic collaborations with trade gamers similar to DSV, Bosch, and NVIDIA, that are working alongside Plus and its OEM companions to speed up the rollout of autonomous capabilities to industrial fleets.
In November, Plus and IVECO launched an automatic trucking pilot in Germany. The businesses are working with dm-drogerie markt, a big European retail chain of drugstores, and DSV, a transport and logistics supplier primarily based in Denmark.
The pilot will contain an IVECO heavy-duty truck built-in with AI-based, driver-supervised, extremely automated driving software program. The truck will drive alongside a DSV route to move dm-drogerie markt merchandise in Germany’s Baden Württemberg-Hessen area.
SPAC transaction value $300M
The transaction values Plus at a pre-money fairness worth of $1.2 billion. The corporate mentioned it expects to realize $300 million in gross proceeds from the transaction. Plus mentioned this funding will fund it via the deliberate industrial launch of factory-built autonomous vehicles in 2027.
The transaction has been unanimously permitted by the boards of administrators of each Plus and Churchill IX and is predicted to shut within the fourth quarter of 2025, topic to satisfaction of customary closing circumstances, together with approval by shareholders of every firm.