Chinese heavy-duty truck autonomous driving company TuSimple plans to go public in the United States for a fundraising of $100 to $200 million.

Chinese heavy-duty truck autonomous driving technology developer Inceptio Technology is considering conducting its first public offering (IPO) in the United States as early as this year. According to sources familiar with the matter, the company also operates under the name Shanghai Inceptio Technology Co., Ltd., and plans to raise $100 million to $200 million through this IPO. Due to the involvement of internal company affairs, these sources refused to disclose their names and stated that discussions are still ongoing, and the transaction size and timetable may change. Inceptio Technology was founded in 2018, with shareholders including battery manufacturer Contemporary Amperex Technology, food delivery giant Meituan, and prominent investment firm Sequoia Capital Group (formerly Sequoia China). By the end of last year, commercial trucks equipped with Inceptio Technology's autonomous driving technology had traveled over 200 million kilometers in China. According to the company's website, its clients include S.F. Holding, ZTO Express (Cayman), Inc. Sponsored ADR Class A, and Nestle, among other large logistics companies. If this IPO is successful, Inceptio Technology will become another autonomous driving technology developer listed on the New York Stock Exchange, following in the footsteps of TuSimple (WRD.US) and Pony.ai (PONY.US). It is worth noting that since TuSimple's listing in October, its American Depositary Receipts (ADR) have fallen by about 15%, while Pony.ai's ADR has risen by around 5% since its IPO in November. Currently, a representative of Inceptio Technology has refused to comment on the matter.