Revenues in 2019-2020
Invest in IPO TuSimple
TuSimple is an innovative technology company devoted to the development and application of artificial intelligence and computer vision technologies in the trucking industry. With a foundation in computer vision, algorithms, mapping, and AI, TuSimple is working to create a commercially viable autonomous truck driving platform with L4 (SAE) levels of safety.
TuSimple’s autonomous driving platform uses an array of cameras to scan the surrounding environment. The company elaborated original deep learning detection algorithms, high-precision visual positioning and multi-sensor integration technology, and started testing autonomous trucks on public roads in California. The company was founded in 2015 in the US.
The global truck freight market is estimated to generate approximately $4 trillion in annual revenue. Truck freight comprises approximately 80% of the $1 trillion total U.S. freight market. The U.S. truck freight market was the third highest contributor to the U.S. GDP growth in 2017. The U.S. truck freight market has been characterized by strong economic cycle resiliency with consistent long term increases in miles driven per year.
In July 2020, TuSimple announced formal partnership with Navistar, one of the world’s largest commercial truck OEMs. Through this partnership, TuSimple intends to produce a line of purpose-built L4 autonomous semi-trucks for the North American market at scale by 2024 in Navistar’s manufacturing facilities. TuSimple has accepted over 5,700 reservations from ten customers, each of whom has significant freight operations.
In September 2020, TuSimple announced a global partnership with TRATON to develop purpose-built L4 autonomous semi-trucks. TRATON, a publicly listed subsidiary of Volkswagen, is one of the world’s largest commercial truck OEMs. Scania, MAN Truck & Bus, and Volkswagen are the truck brands of the TRATON GROUP.
Autonomous driving is an emerging technology and involves significant risks and uncertainties. The company has a limited operating history in a new market and faces significant challenges as industry is rapidly evolving.
Since the market for autonomous solutions is relatively new and disruptive, if the company’s autonomous driving technology fails to gain acceptance from users and other stakeholders in the freight transportation industry, its business, prospects, operating results, and financial condition could be materially harmed.
TuSimple has raised a total of $650M in funding over 12 rounds from 22 venture capital investors, including Sequoia Capital China, UPS Ventures, NVIDIA, Volkswagen and others.
TuSimple (TSP) plans to sell 33.8 million shares (20% insider) at a price range of $35 to $39. The company intends to raise as much as $1.3B in an IPO of its common stock at about $8.2B valuation. Perry Creek Capital Partners will purchase from TuSimple in a private placement a total of up to $35 million of shares at a price per share equal to the initial public offering price.
The company is still at the early stage of development and booked $1.8M in revenue in 2020, up from $710K in 2019. Due to relative high IPO valuation and volatility in the technology sector, this investment idea has a medium potential return of up to 40%.
2-3 weeks before the start of the company publishes information about the opening of trading: financial statements for 3 years, a description of the company's business, plans for the future, as well as the risks that management sees in their own business. We analyze such offers and publish the best ones. Investors apply for deposits. Before the deadline for applications, you can change the request or cancel it.
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IN THE PROFIT FROM THE FIRST DAY
Such an approach allows it to limit extra risks related to bankruptcy of start-ups and considerably increase profit vs investors purchasing shares on open Market.
LOW ENTRY THRESHOLD
Millions of dollars are required to buy shares on a subscription basis. We have generated a pool of traders and investors which enables any newbie to participate in any transaction as aforesaid by investing just USD50 or more.