Filed under Mobility · 2024
TuSimple (US)
2015 - 2024, 8 years old
An autonomous trucking company that ran some of the first driverless freight runs in the US before retreating to Asia.
TuSimple's US arm was hobbled by a federal probe into alleged technology transfers to Hydron, a Chinese hydrogen-truck startup tied to co-founder Mo Chen, followed by boardroom and SEC turmoil. After failing to find a buyer, TuSimple laid off about seventy-five percent of US staff in late 2023, voluntarily delisted from Nasdaq on January 17, 2024, and auctioned off its autonomous fleet and R&D gear. The company kept its Asia-Pacific operations and abandoned the US market.
- Founded
- 2015-09
- Shut down
- 2024-01-17
- Funding raised
- $1.6B
- Years alive
- 8
- Founders
- Mo Chen, Xiaodi Hou