TuSimple, a U.S. autonomous trucking startup, has gone through fresh funding round and succeeded to raise $95 million.

The series D of funding round, to which led the Chinese internet giant Sina Corp and Hong Kong-based investment firm Composite Capital, values the three-year-old start-up at $1 billion. China Taihecap served as exclusive financial advisor in the transaction.

The funds raised will help the trucking company to expand its testing of self-driving trucks on highways of Texas, New Mexico and Arizona, which is currently testing its self-driving trucks on routes between Dallas and Phoenix, as well as commercial fleet of currently 12 trucks to 50 trucks by June.

Source: https://www.marketsmorning.com/tusimple-raise-95-million-from-latest-funding-and-valued-at-1-billion/