Full Truck Alliance, SAIC Capital and Quanta Computer contributed to a $220m extension for the automated truck developer's latest round.

US-headquartered automated truck developer Plus added $220m yesterday to a funding round featuring trucking services provider Full Truck Alliance, electronics manufacturer Quanta Computer and carmaker SAIC that now stands at $420m.

The corporates all contributed to the extension, which was co-led by FountainVest Partners and ClearVue Partners and backed by Phi Zoyi Capital, Millennium Technology Value Partners and existing investors including Sequoia Capital China, while SAIC took part through its SAIC Capital unit.

Wanxiang International Investment, a subsidiary of automotive…

Robert Lavine

Robert Lavine is special features editor for Global Venturing.