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SOFTWARE (NON-INTERNET/MOBILE) | Scientific, Engineering Software
tusimple.com

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Founded Year

2015

Stage

IPO | IPO

Total Raised

$650.93M

Date of IPO

4/15/2021

Market Cap

8.01B

Stock Price

38.52

About TuSimple

TuSimple (NASDAQ: TSP) is a global self-driving truck company operating self-driving trucks. TuSimple is developing a commercial-ready Level 4 (SAE) fully autonomous driving solution for the logistics industry. The company is driven by a mission to increase safety, decrease transportation costs, and reduce carbon emissions.

TuSimple Headquarter Location

9191 Towne Centre Dr Suite 600

San Diego, California, 92122,

United States

Latest TuSimple News

Ryder to develop logistics connect with independent trucking business Embark

Sep 17, 2021

17th September 2021 Supply chain and also fleet administration remedies business Ryder is partnering with yet an additional independent trucking business. On Thursday, Ryder revealed its strategies to aid Embark introduce an across the country network of as much as 100 transfer factors that will certainly be had and also run by the independent trucking designer. This is Ryder’s 3rd public collaboration with independent trucking business. It just recently revealed strategies that are presently underway to aid Waymo Via range its independent trucking service by aiding with standard fleet upkeep and also administration. Ryder is additionally collaborating with TuSimple to utilize its very own centers as terminals for the start-up ” We get on the reducing side and also truly starting to recognize that AV can have a quite considerable function in the future of transport logistics, so we wish to enter as very early as feasible and also begin collaborating with these business that appear to be controling the marketplace with their innovations,” Karen Jones, Ryder’s EVP for brand-new item advancement, informed TechCrunch. While Ryder has actually remained in talks with various other AV business like Kodiak, Aurora and also Plus, Jones claimed no various other bargains remain in the pipe. Jones claims Ryder is wishing to find out and also expand with the various usage instances its existing collaborations offer, in addition to developed a replicable transfer center version that will certainly aid the business most likely to market much faster. ” I assume as we relocate this innovation ahead there’s still a great deal of unknowns regarding just how to preserve, just how to solution and also just how to run,” claimed Jones. “Ryder is an all-natural fit to companion with due to the fact that we have big centers for upkeep, and after that we additionally have our supply chain and also logistics service. We are a genuine driver that understands just how these centers and also the intricacies of obtaining automobiles in and also out for distribution to bigger centers job.” As component of its collaboration with Embark, Ryder will certainly offer backyard procedures, upkeep and also fleet administration. It will certainly additionally play an advising function on Embark’s network of purposefully situated transfer factors where products is relocated from driverless long-haul vehicles to driver-controlled vehicles for very first- and also last-mile distribution. Ryder is aiding Embark to recognize what’s needed at the centers and also accepting Embark’s third-party companions that will certainly either be creating or finding websites for these centers, claims Jones. At the beginning, the business will certainly choose websites in essential products markets in The golden state, Arizona, Texas, Georgia, Tennessee and also Florida where Embark will certainly have the ability to start procedures early following year to prepare for a bigger business launch in 2024. Picture Credit Scores: Embark Self-governing business typically select Sunlight Belt areas to start procedures due to the fact that it’s unusual to need to make up stormy weather condition patterns like snow and also sleet, making the atmosphere optimum for screening. Yet over the following 5 years, Embark and also Ryder purpose to collaborate with a network of realty drivers to open up 100 Embark transfer factors throughout the nation. Presently, Embark, which just recently revealed strategies to go public by means of a SPAC bargain , relocates products for business like HP and also Budweiser manufacturers Abdominal Muscle inBev, in addition to Knight Swift Transport, Werner Enterprises and also various other “leading 25 UNITED STATE truckload service providers,” according to Chief Executive Officer Alex Rodrigues. Rodrigues claims Embark’s existing products collaborations are either pilots or smaller sized range variations of what the business intends to introduce in the future. The business has a fleet of 16 vehicles today that run specifically on freeways with a human security driver in the pole position simply in instance, yet normally, the vehicle driver does not need to take control of, also if the AV experiences a brand-new circumstance. Running just on freeways implies developing out a network of off-highway transfer centers, which is really rather necessary, despite the fact that it will certainly need a great deal of funding and also time to range. TuSimple, comparative, operates both freeways and also surface area roads, or roads that are not component of a highway and also have at-grade junctions with various other surface area roads. The start-up’s AVs do not enter into houses, and also therefore do not execute last-mile distribution, yet they have the ability to gain access to warehouse and also storehouse centers a lot more quickly, according to TuSimple. This capacity permits the start-up to utilize existing Ryder places and also retrofit them to function as TuSimple terminals, as opposed to developing out brand-new terminals, like what Embark is doing. Waymo Via is additionally developing its very own centers, and also Ryder’s fleet upkeep, evaluations and also roadside support will certainly aid the independent trucking arm of Waymo range those websites in addition to take full advantage of automobile uptime and also integrity. As Ryder offers its different abilities to every one of these various usage instances, it has the ability to consider its very own possibility in the AV area, and also not simply in the logistics of all of it. Jones claimed the business is open to running a self-governing fleet eventually if it makes good sense to do so in support of a client, and also is additionally really lodged in its very first- and also last-mile distribution solutions. ” There’s a variety of rooms for Ryder to play as the entire AV effort develops, yet our very first venture right into this is truly servicing and also starting to recognize the innovation, in addition to the demands for running centers,” claimed Jones.

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Research containing TuSimple

Get data-driven expert analysis from the CB Insights Intelligence Unit.

CB Insights Intelligence Analysts have mentioned TuSimple in 4 CB Insights research briefs, most recently on Jun 24, 2021.

Expert Collections containing TuSimple

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

TuSimple is included in 6 Expert Collections, including Auto Tech.

A

Auto Tech

1,202 items

Startups building a next-generation mobility ecosystem, using technology to improve connectivity, safety, convenience, and efficiency in vehicles.Includes technologies such as ADAS and autonomous driving, connected vehicles, fleet telematics, V2V/V2X, and vehicle cybersecurity.

S

Supply Chain & Logistics Tech

3,626 items

Companies offering technology-driven solutions that serve the supply chain & logistics space (e.g. shipping, inventory mgmt, last mile, trucking).

C

CES 2018 Exhibitors

760 items

Companies that will be exhibiting at CES 2018

T

Trucking Tech

379 items

We define trucking tech broadly as companies developing technology-enabled services and products focused on the freight trucking industry, such as trucking-oriented marketplace platforms, fleet management solutions, and onboard monitoring and tracking systems.

A

Autonomous Driving Tech

357 items

Includes companies working on fully autonomous vehicles, full-stack self-driving solutions, and the components (such as perception software, sensor hardware, HD mapping, and simulation) that help train autonomous vehicles and guide them on the road.

A

Artificial Intelligence

7,364 items

This collection includes startups selling AI SaaS, using AI algorithms to develop their core products, and those developing hardware to support AI workloads.

TuSimple Patents

TuSimple has filed 215 patents.

The 3 most popular patent topics include:

  • Autonomous cars
  • Artificial neural networks
  • Image processing
patents chart

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3/19/2019

8/31/2021

Vehicle braking technologies, Automotive safety technologies, Railway brakes, Brakes, Sports sedans

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Vehicle braking technologies, Automotive safety technologies, Railway brakes, Brakes, Sports sedans

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