Oct 15, 2021

TuSimple Company Expansions

TuSimple plans to add hundreds of jobs to its Tucson footprint, with an expansion of roughly 35,000 square feet of office, lab and warehouse space for continued technology development. In April 2021, TuSimple went public and raised more that $1billion with a successful initial public offering on the Nasdaq stock market. Prior to the IPO, TuSimple raised more that $600 million in private-equity investments, including a major stake owned by an affiliate of Chinese online giant Sina Corp, Industry partners including truck maker Navistar, Volkswagen’s commercial trucking unit Traton SE and United Parcel Service also had invested in the company. TuSimple has been running paid loads from its Tucson test center since 2017 with a driver and engineer aboard as the company awaits regulatory approval for fully driverless operations, which it expects by 2024.

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