Indian billionaire investor Rakesh Jhunjhunwala says he's very upbeat about his country's growth potential after the country underwent a massive banking crisis and the rollout of important reforms over the last five years.
The pilot-program is limited, just five runs in late May.
TuSimple, a self-driving truck company, is providing the truck and will have a safety engineer and driver in the cab to monitor its performance and take control if there are any issues, the company said in announcing the test Tuesday. The postal service has been exploring the idea for some time, recently soliciting bids to put semi-autonomous mail trucks on the road in a few years that allow a human to sort the mail while being autonomously driven along their route.
The pilot-program is limited, just five runs in late May. For TuSimple, the test drives are a chance to validate its vision of autonomous semi's changing the dynamics and costs of long-haul trucking. The start-up has been hauling freight on I-10 in self-driving trucks since last August. TuSimple, with 17 self-driving semi's, has raised $178 million in four rounds of funding since it was founded in 2015.
Autonomous trucking has become a hot area for private equity investors with startups like Boxbot Ike raising millions of dollars to develop the technology for self-driving semi's The appeal of the space is simple: autonomous trucks could lower the cost of shipping goods by eliminating drivers.
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