TuSimple

San Diego, CA Artificial Intelligence Public

TuSimple was a global autonomous driving technology company founded in 2015 and headquartered in San Diego, California, developing SAE Level 4 self-driving solutions for long-haul heavy-duty trucks. It became the first autonomous-trucking pure-play to IPO on the Nasdaq in April 2021 (ticker TSP) at an $8.5B+ valuation. Following governance turmoil, a CFIUS-mandated review, an SEC investigation, and shutdown of its US self-driving operations, the company announced its intention to voluntarily delist from Nasdaq in January 2024 and exited the US. In December 2024 it rebranded as CreateAI, pivoting to generative AI for animation, gaming, and digital entertainment, with operations across China, Japan, and the US.

Public Company

TuSimple is publicly traded

IPO'd on Apr 15, 2021

TSP Nasdaq

This company is no longer available on our private secondary market. Shares can be traded publicly under TSP.

Overview

Company data and valuation marks are estimates and may be incomplete, stale, erroneous, or revised.

Founded

2015

Employees

250–300

Total Funding

$648M

9 rounds

Last Private Valuation

$8.5B

Apr 15, 2021

Secondary Signals (Note: SetterVC does not verify the accuracy of these)

2 signals
Valuation Recent market cap $38.75M; share price $0.155 (OTC: TSPH) 2026-09-18

OTC (TSPH) market cap $38.75M, share price $0.155, as of Sep 18 2026 — far below stored $8.5B IPO mark.

Equity now a thinly-traded OTC penny stock; stored $8.5B/IPO valuation is obsolete as a price reference.

Strategic Recent special distribution $132.8M total; $0.55 per common share 2025-11-25

Declared $132.8M special cash distribution ($0.55/share); record date Nov 26 2025, paid Dec 12 2025.

Large one-time capital return shrinks residual cash pile; ex-dividend value drop for any equity holders.

Funding

Funding data and valuation marks are estimates and may be incomplete, stale, erroneous, or revised.

Total raised $648M across 9 rounds

Last updated 09-19-2026

DateRoundAmount RaisedValuationLead Investors
Apr 15, 2021 IPO Bloomberg $1.35B $8.5B
Mar 2021 Series E - Navistar warrant exercise $134.0M — Navistar
Feb 2021 Series E-2 - Traton warrant exercise $49.0M — Traton SE

Valuation Trajectory

Funding data and valuation marks are estimates and may be incomplete, stale, erroneous, or revised.

$1B $2B $5B $10B IPO 2020 2021 TuSimple

Entry · Series D

$1B

Feb 2019

TuSimple today

$8.5B

Apr 2021 · latest mark

TuSimple multiple

8.5x

valuation uplift since first round

Y-axis is logarithmic. Hollow dots = estimated valuations. Does not represent realized investor returns.

Leadership

  • Cheng Lu

    President & CEO

    LinkedIn
  • Mo Chen

    Co-Founder & Executive Chairman

  • Xiaodi Hou

    Co-Founder (former CEO/CTO)

  • Jim Mullen

    Chief Administrative and Legal Officer

  • Jianan Hao

    Co-Founder & Director

Competitors

Competitor list is illustrative and may be incomplete, stale, or erroneous.

  • Aurora Innovation

    Public autonomous-vehicle technology company (Nasdaq: AUR) focused on the Aurora Driver platform for autonomous trucks and ride-hailing.

  • Kodiak Robotics

    Mountain View-based autonomous trucking startup developing driverless long-haul trucks; merged with Ares Acquisition Corp II to go public in 2025.

  • Plus

    Cupertino-based autonomous trucking company building L4 self-driving software for heavy trucks; previously pursued a SPAC deal with Hennessy Capital.

  • Embark Trucks

    Autonomous trucking company that went public via SPAC in 2021 and wound down operations in 2023, selling assets to Applied Intuition.

  • Waymo Via

    Alphabet-owned autonomous driving subsidiary; previously operated Waymo Via for trucking before refocusing on ride-hailing.

  • Gatik

    Autonomous middle-mile trucking startup focused on short-haul B2B logistics for retailers like Walmart and Loblaw.

TuSimple Investment FAQ

TuSimple FAQ

Yes, TuSimple is publicly traded under the ticker symbol TSP on the Nasdaq. The company went public in Apr 15, 2021.

TuSimple trades under the ticker symbol TSP on the Nasdaq. It began trading in Apr 15, 2021.

TuSimple (TSP on the Nasdaq) shares can be purchased through any standard brokerage account — including Fidelity, Charles Schwab, TD Ameritrade, and online platforms like Robinhood or E*TRADE. Search for the ticker TSP to place an order.

TuSimple went public in Apr 15, 2021 via ipo, with an offering valuation of approximately $8.5B. TuSimple listed on Nasdaq on April 15, 2021 under the ticker TSP, pricing 33.78 million shares at $40 to raise $1.35 billion at roughly an $8.5 billion valuation — the first autonomous-trucking pure-play to go public in the United States. After governance turmoil, a CFIUS review and the wind-down of its US self-driving operations, it filed a Form 25 on January 29, 2024, delisted from Nasdaq in February 2024, and terminated the registration of its Class A common stock with a Form 15-12G filed February 8, 2024, ending its SEC reporting obligations. The company rebranded as CreateAI in December 2024 and now builds generative-AI animation and games, led by the open-world title Heroes of Jin Yong; its shares still change hands over the counter under the symbol TSPH.

TuSimple raised $648M across 9 disclosed funding rounds prior to its public listing.

TuSimple was co-founded by Mo Chen, Xiaodi Hou, and Jianan Hao in 2015.

TuSimple is headquartered in San Diego, CA.

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