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, TuSimple went public and raised more than $1 billion with a successful initial public offering on the Nasdaq stock market. Prior to the IPO, TuSimple raised more than $600 million in private-equity investments, including a major stake owned by an affiliate of Chinese online giant Sina Corp.
Industry partners including truckmaker Navistar, Volkswagen’s commercial trucking unit Traton SE and United Parcel Service also had invested in TuSimple.
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.
TuSimple was founded in 2015 with the goal of bringing the top minds in the world together to achieve the dream of a driverless truck solution. With a foundation in computer vision, algorithms, mapping, and AI, TuSimple is working to create the first commercially viable autonomous truck driving platform with L4 (SAE) levels of safety.