TuSimple

Develops and operates autonomous trucking services

San Diego, California, United States

About TuSimple

TuSimple develops and operates self-driving trucks aimed at transforming the trucking industry. Their autonomous trucks provide a service known as "freight capacity as a service," allowing businesses to transport goods without the need to own a fleet. These trucks are designed to be highly reliable, offering fast point-to-point service while reducing carbon emissions. TuSimple primarily serves clients in logistics and freight, including large shipping companies and retailers, and charges for their services based on distance and volume of goods transported. What sets TuSimple apart from competitors is their focus on low-cost pricing, scalable capacity, and providing transparent analytics along with excellent customer support. The company's goal is to enhance safety, cost efficiency, and environmental sustainability in the trucking sector.

San Diego, CaliforniaHeadquarters
2015Year Founded
$512.5MTotal Funding
IPOCompany Stage
Automotive & Transportation, AI & Machine LearningIndustries
201-500Employees

Benefits

100% employer-paid healthcare premiums for you and your family
Breakfast, lunch, and dinner served every day
Full kitchens on every floor with unlimited snacks, drinks, special treats, fruits, meals, and more
Stock options / equity
Gym membership reimbursement
Monthly team building budget
Learning/education budget
Employer-paid life insurance
Employer-paid long and short disability

Risks

Pivot to entertainment projects may dilute focus from core trucking business.
Regulatory challenges with warning devices could delay autonomous truck deployment.
Liquidation efforts by ex-CEO suggest potential financial instability within the company.

Differentiation

TuSimple offers a commercial-ready Level 4 autonomous driving solution for logistics.
The company provides freight capacity as a service, reducing the need for fleet investment.
TuSimple's trucks are designed to be 99% reliable, ensuring fast and efficient service.

Upsides

TuSimple's 'CreateAI' brand opens new revenue streams in film and gaming.
Partnership with Shanghai SanTi Animation expands market reach and brand visibility.
Expansion of autonomous trucking capabilities strengthens market position in America.

Funding

Total raised$512.51 M
Latest valuation$8.50 B
StageIPO
IPO
3/31/2021
$1.4 K
$8.50 B
SERIES E
10/31/2020
$350
$1.12 B
$95
$1.00 B
$55
$275.00 M
SERIES B
7/31/2017
$20
$100.00 M
ANGEL
12/31/2014
$7
$250.00 M