Plus announced plans to go public by combining with a blank-check Fund who values the merged company at $3.3 billion. Plus, a self-driving truck start-up, has announced plans to merge with Hennessy Capital Investment Corp. The transaction is expected to enable Plus to continue expanding the business internationally and in that way fleets and drivers can benefit from the innovative technologies and enter in a new age of innovation. The company expectations are to generate revenue this year from mass-produced and retrofitted trucks.
Plus has developed an automated driving system for heavy trucks called PlusDrive. It can be installed on existing trucks or added as a feature to trucks in production. In the coming years, it expects to mount the self-driving technology in tens of thousands of trucks that will still need drivers in the near future. By the end of 2024 expectations are to be fully autonomous for cars.
After the transaction closure in the third quarter of this year the firm prepares to list on the NY Stock Exchange with the “PLAV” symbol.