Company: CCIXW
Filing Date: 2025-12-05
Form Type: S-4/A
Source: 0001193125-25-309933
Chunk: 456

Company: Churchill Capital Corp IX/Cayman
Filing Date: 2025-12-05
Form: S-4/A
Chunk 456
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lead a team of domain experts in AI, engineering, and commercial vehicle systems. The majority of our team is focused on research and development, and collectively the founders have founded and scaled six prior technology companies. Together, our leadership and technical teams hold or have filed applications for over 250 patents globally and bring a strong track record of scaling technology‑driven businesses.

AI‑Native Technology . PlusAI’s Autonomous Vehicle 2.0 architecture leverages a proprietary dataset collected from real‑world operations. This enables SuperDrive to generalize across driving environments and continuously improve, making it well‑suited for industrial‑scale deployment.

Differentiated Product . SuperDrive is designed specifically for heavy‑duty trucking and features a layered safety architecture that combines AI decision‑making, rule‑based guardrails, redundant fallback systems, and remote operator support for commercial‑grade reliability.

Strong Ecosystem of Partners . PlusAI has built a broad network of partners supporting deployment, including OEMs, fleet operators, and leading technology suppliers. This ecosystem enables scalable adoption by providing proven manufacturing, service, validation, and technology capabilities across geographies.

Endorsement by Global OEMs . We provide autonomous driving technologies for TRATON GROUP, IVECO, and Hyundai Motor Company, with joint programs spanning the United States and Europe. These relationships provide access to established manufacturing, sales, and service networks and position PlusAI as one of the only OEM-integrated autonomy software providers in the industry.

Factory‑Integrated Deployment . Factory integration can enhance safety validation, support large‑scale production and serviceability, and strengthen customer trust in autonomous trucks. We believe that commercial fleets will prefer to purchase self‑driving trucks through OEM channels because it aligns with existing relationships, procurement practices, liability models, and operations.

Capital‑Light Business Model . As outlined in the Business Model section, PlusAI’s software‑focused structure leverages OEM and ecosystem partners for hardware development, manufacturing, sales, and service. This minimizes capital expenditures and support costs while enabling high‑margin recurring revenue as truck deployments scale.

Market Opportunity

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Commercial Trucking is a Critical Industry Ripe for Innovation

Freight transportation is the backbone of the global economy, and long‑haul heavy‑duty trucking represents the majority of overland freight movement. In the United States and Europe, heavy‑duty trucking accounts for approximately 70% of total road freight volume and represents an estimated market of approximately $0.9 trillion in the United States and approximately