Chinese Truck Startup Valued at $455 Million Seeks Funds (1)

Tusimple Inc., a Chinese startup that is developing self-driving trucks, said it’s going to seek more funding to expand the business after raising investments last year at a valuation of $455 million.

“We have no difficulty in finding investors and the next round of funding will start soon,” Hou Xiaodi, co-founder and chief technology officer, said in an interview in Tokyo, disclosing a valuation publicly for the first time. “The autonomous driving market is very hot now.”

Hou later said the next fundraising round won’t start until the second half of this year.

Tusimple raised $55 million in Series ...