SuperDrive Rolls Toward Reality
Founded in Silicon Valley in 2016, Plus Automation has carved out a niche in physical AI, focusing on software that lets massive trucks drive themselves. Its flagship system, SuperDrive, offers a three-layer redundancy architecture and targets full-scale rollout by 2027 — beginning in the U.S., then cruising into Europe.
The company has logged 5 million miles using its self-driving tech across North America, Europe, and Asia, claiming a robust real-world foundation for scaling operations.
“Our goal is safer, smarter, more efficient freight,” said CEO David Liu. “This deal gives us the capital and strategic backing to deliver on that mission.”
Deal Details: AI Meets IPO
The $1.2 billion pre-money equity value pegs Plus as one of the most high-profile AI transportation firms to enter public markets in recent years. The merger is expected to generate $300 million in gross proceeds, pending regulatory and shareholder approvals.
In a twist of metaphorical engineering, the merger bolts together the brainpower of AI with the financial fuel of SPAC capital, aligning Plus’s vision for autonomous logistics with Churchill IX’s public market expertise.
