PlusAI & TRATON expand autonomous trucking pact; $25M R&D funding, board seat, warrants tied to $400M revenue

Churchill Capital Corp IX/Cayman

TRATON commits up to $25M in non-dilutive R&D funding to PlusAI for SuperDrive factory integration.
TRATON gets right to nominate one board member to PlusAI's board after its public listing.
TRATON eligible for warrants vesting on $400M cumulative revenue milestones (25/25/50% tranches).
Customer fleet trials active on I-35 in Texas; 2025 milestones include NVIDIA platform and driverless safety tests.
Expanded partnership builds toward 2026 commercial launch of factory-built autonomous trucks.

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