Mexican Media Brands
UPS Buys Stake in Autonomous Trucking Company
United Parcel Service Inc. has acquired an unspecified minority stake in TuSimple Inc., a San Diego-based startup that supplies autonomous driving technology for commercial truck applications.
Share
United Parcel Service Inc. has acquired an unspecified minority stake in TuSimple Inc., a San Diego-based startup that supplies autonomous driving technology for commercial truck applications.
Terms of the deal weren’t provided. TuSimple raised $95 million in February in a funding round led by Chinese online media company Sina Corp.
Earlier this year, UPS began testing trucks fitted with TuSimple’s technology on highway routes between Phoenix and Tucson, Ariz. A backup driver and engineer monitor the trucks.
TuSimple also is working with Amazon.com on similar tests and conducted a two-week pilot program with the U.S. Postal Service in May.
Founded in 2015, TuSimple operates more than 50 Level 4 autonomous trucks that it has been testing with partners in Arizona. The company aims to test fully self-driving vehicles without safety drivers in late 2020 or early 2021.
RELATED CONTENT
-
Ford Copies Nature
As Nature (yes, capital N Nature) has done a pretty good job of designing things, it is somewhat surprising that Man (ditto) doesn’t follow Nature’s lead more often when it comes to designing objects.
-
Cobots: 14 Things You Need to Know
What jobs do cobots do well? How is a cobot programmed? What’s the ROI? We asked these questions and more to four of the leading suppliers of cobots.
-
On Automotive: An All Electric Edition
A look at electric vehicle-related developments, from new products to recycling old batteries.
