Texas Ventures Acquisition Iii Corp · NASDAQ:TVA
Texas Ventures Acquisition Iii — SPAC Merger (September 2026)
39 slides from Texas Ventures Acquisition Iii's SPAC merger presentation, Sep 3, 2026
Slide 1: Transforming Transportation with Physical AI
Copyright © 2026 PlusAI, Inc. All rights reserved. | 1 Transforming Transportation with Physical AI Q3 2026 Copyright © 2026 PlusAI, Inc. All rights reserved.
Slide 2: Disclaimer
Copyright © 2026 PlusAI, Inc. All rights reserved. | 2 DISCLAIMER About this presentation This presentation is provided for informational purposes only and has been prepared to assist interested parties in making their own evaluation with respect to a proposed business combination (the “proposed tra
Slide 3: Disclaimer Cont.
Copyright © 2026 PlusAI, Inc. All rights reserved. | 3 DISCLAIMER CONT. About this presentation Additional Information About the Proposed Transaction and Where to Find It The proposed transaction will be submitted to shareholders of TVAC for their consideration. TVAC intends to file a registration s
Slide 4: Our Vision
Copyright © 2026 PlusAI, Inc. All rights reserved. | 4 OUR VISION Autonomous transportation will make our world safer, more efficient, and more sustainable Autonomous trucking will fundamentally transform the logistics industry
Slide 5: Leadership Team
Copyright © 2026 PlusAI, Inc. All rights reserved. | 5 LEADERSHIP TEAM Seasoned executives with deep Physical AI expertise Bryant Park CFO David Liu CEO & Co-Founder Shawn Kerrigan COO & Co-Founder Hao Zheng CTO & Co-Founder Tim Daly Chief Architect & Co-Founder Derrick Nueman VP Investor Relations
Slide 6: Sponsor Team
Copyright © 2026 PlusAI, Inc. All rights reserved. | 6 SPONSOR TEAM Industry-leading sponsors with a proven track record Deep Expertise Across Capital Markets, Investing, and Operations Select Recent Investments1 Experienced Team with 20+ Professionals Mark Angelo President & Partner, Yorkville Advi
Slide 7: Investment Highlights: Why PlusAI?
Copyright © 2026 PlusAI, Inc. All rights reserved. | 7 INVESTMENT HIGHLIGHTS Why PlusAI? Autonomous driving is transforming the global heavy trucking industry, and CDL laws may accelerate human driver shortages $1.7 Trillion Market Trucks equipped with our AI virtual driving system are autonomously
Slide 8: Our Physical AI Platform
Copyright © 2026 PlusAI, Inc. All rights reserved. | 8 OUR PHYSICAL AI PLATFORM SuperDrive HyperFoundry Flagship Physical AI software powering L4 autonomous trucks Foundational AV development engine powering SuperDriveTM Revenue generation expected to begin in 2027 through targeted commercial launch
Slide 9: Our Physical AI Platform
Copyright © 2026 PlusAI, Inc. All rights reserved. | 9 Data Factory Model Factory SimVerse 7M+ miles of L4-validated data Data acquisition, classification, and auto-labeling for model training Proprietary L4 models (E2E and VLA) Distillation of large AI models into smaller efficient models for edge
Slide 10: SuperDrive Overview
SuperDriveTM Overview SECTION 1
Slide 11: Deployment Case Study
Copyright © 2026 PlusAI, Inc. All rights reserved. | 11 DEPLOYMENT CASE STUDY SuperDrive is autonomously transporting freight today Announced on March 31, 2026 Fleet Partner Truck OEM AI Driver • Trial initiated in September 2025 using International trucks with factory-installed SuperDrive designed
Slide 12: Market Challenge
Copyright © 2026 PlusAI, Inc. All rights reserved. | 12 MARKET CHALLENGE Trucking is a legacy market ripe for innovation Freight transportation faces numerous structural and operational challenges • Asset underutilization: Hours-of-service (“HOS”) rules cap daily driving (11 hours U.S.; 9 hours EU),
Slide 13: Market Opportunity
Copyright © 2026 PlusAI, Inc. All rights reserved. | 13 MARKET OPPORTUNITY Autonomy addresses structural constraints in freight Note: (1) ATRI – An Analysis of the Operational Costs of Trucking: 2026 Update. (2) Based on illustrative internal management estimates. Autonomy removes human-driver const
Slide 14: Market Gap
Copyright © 2026 PlusAI, Inc. All rights reserved. | 14 MARKET GAP Driver compensation is the largest trucking expense Estimated total operating cost at ~$2.34 per mile; driver cost represents ~$1.03 per mile (44%) Largest cost category: drivers represent the largest share of per mile truck operatin
Slide 15: Cost Parity
Copyright © 2026 PlusAI, Inc. All rights reserved. | 15 COST PARITY Autonomy lowers driver cost and increases utilization Reduces labor cost per mile while enabling materially higher miles per truck Lower driver cost per mile ($/mile) More miles driven (annual miles per truck) Human driver cost(1) V
Slide 16: Regulatory Tailwinds
Copyright © 2026 PlusAI, Inc. All rights reserved. | 16 REGULATORY TAILWINDS Favorable regulations for deploying autonomous trucks Source: AVIA State of AV, 2024; FAME: Framework for coordination of Automated Mobility in Europe 2024. (1) States that do not have any statutes or regulations governing
Slide 17: Technology Stack
Copyright © 2026 PlusAI, Inc. All rights reserved. | 17 TECHNOLOGY STACK Our AI driver in action Full-stack L4 software High-Level Guidance and Decision Scene Abstraction Remote Operation (cloud) Human-in-the-Loop Monitoring and Support Redundant Fallback System (edge) Fail-Safe Redundancy Reflex En
Slide 18: Partnerships
Copyright © 2026 PlusAI, Inc. All rights reserved. | 18 PARTNERSHIPS Deployed through leading global OEMs Embedded autonomy operating system; factory-installed and commercialized through OEM channels OEM-led fleet trials in Europe beginning 2026 Autonomous Class 8 XCIENT fuel cell trucks # Unit sale
Slide 19: Supply Chain
Copyright © 2026 PlusAI, Inc. All rights reserved. | 19 SUPPLY CHAIN OEMs factory-install SuperDrive and sell autonomous trucks through their existing channels Data Layer Software Stack OEM Integration & Manufacturing Autonomous Freight Operations Hardware / Sensors Lidar Camera Radar Tele- Operator
Slide 20: Why is an OEM partnership essential?
Copyright © 2026 PlusAI, Inc. All rights reserved. | 20 Why is an OEM partnership essential? L41 trucks likely to be factory produced in order to offer: ● Robust safety and validation ● Ability to be produced, operated, and maintained at scale ● Customer confidence of safety Fleets want to buy L4 tr
Slide 21: Integrated OEM Go-to-Market Approach
Copyright © 2026 PlusAI, Inc. All rights reserved. | 21 SuperDrive Software $ / Autonomous Mile Fleets Driver-as-a-Service $ / Autonomous Mile OEM (AV Truck) Fleet Support Remote Assist Integrated OEM Go-to-Market Approach Factory install software enables us to partner and not compete with OEMs GO-T
Slide 22: Profitability
Copyright © 2026 PlusAI, Inc. All rights reserved. | 22 PROFITABILITY SuperDrive expands the profit pool across trucking Expected to create recurring OEM revenue; improves fleet utilization and operating economics PlusAI can earn recurring, usage-based software revenue as autonomous miles scale Incr
Slide 23: Asset-Light Model
Copyright © 2026 PlusAI, Inc. All rights reserved. | 23 ASSET-LIGHT MODEL Software vs Autonomous Freight Network (AFN) Model Software model fits our founders’ DNA Software-based Model AFN Model Revenue Lower % of driver savings High % of driver savings Costs Low - Primarily R&D costs High - R&D, log
Slide 24: Commercialization Plan
Copyright © 2026 PlusAI, Inc. All rights reserved. | 24 Driver-out tests completed; Commercial fleet operations (with safety driver) launched Public listing Targeted commercial launch of driverless trucks 2025 2026E 2027E OEM acceleration Commercial readiness Revenue generation 2H 2026 via TVAC Expa
Slide 25: HyperFoundry Overview
HyperFoundryTM Overview SECTION 2
Slide 26: Market Opportunity
Copyright © 2026 PlusAI, Inc. All rights reserved. | 26 MARKET OPPORTUNITY AI data market is growing PlusAI has valuable assets Language AI scaled on abundant internet data Physical AI requires real-world sensor data – scarce, expensive, hard to collect $4.5B (2025) → $12.2B (2032) AV data market(1)
Slide 27: Coverage
Copyright © 2026 PlusAI, Inc. All rights reserved. | 27 COVERAGE Extensive data coverage across diverse ODDs U.S. Europe Australia Japan PlusAI has more than 7 million miles of real-world driving data across the U.S., Europe, Australia and Japan with exposure to a wide variety of ODDs Total Miles As
Slide 28: Data Factory
Copyright © 2026 PlusAI, Inc. All rights reserved. | 28 DATA FACTORY Four products built on our proprietary data pipeline Raw Data ● On-demand collection with custom sensors & vehicle platforms ● Zero-CapEx access to a massive global driving data catalog ● Synchronized multi-sensor streams for found
Slide 29: Monetization Strategy
Copyright © 2026 PlusAI, Inc. All rights reserved. | 29 MONETIZATION STRATEGY Actively monetizing our AV data and tools $25M contracted revenue today; targeting $40-50M in 2026(1) Data Factory Model Factory SimVerse Product offering Available to market Target customer profile 7M+ miles of L4-validat
Slide 30: Financial Overview
Financial Overview SECTION 3
Slide 31: Summary Profile
Copyright © 2026 PlusAI, Inc. All rights reserved. | 31 SUMMARY PROFILE Near-term revenue with large upside from L4 launch Revenue Drivers Active fleet trials L4 commercial launch ~$40-50M(1) $50-100M+(1) Operating expenses $71M $77M Illustrative cash flow profile Approaching breakeven(2) Expected p
Slide 32: Target Expenses
Copyright © 2026 PlusAI, Inc. All rights reserved. | 32 TARGET EXPENSES Capital efficient path to scale PlusAI delivers AI-driven economics through OEM-integrated, industrial-scale deployment ✔ AI-native Cost Structure: AI-driven engineering aims to increase productivity, keep R&D expenses lean, and
Slide 33: Long-Term Growth
Copyright © 2026 PlusAI, Inc. All rights reserved. | 33 LONG-TERM GROWTH Multiple levers to drive rapid long-term growth Increase revenue by utilizing existing assets to help companies create autonomous solutions Phased rollout across the U.S. and Europe, followed by expected entry into other region
Slide 34: Transaction Overview
Transaction Overview SECTION 4
Slide 35: Combination with Texas Ventures III (TVAC)
Copyright © 2026 PlusAI, Inc. All rights reserved. | 35 COMBINATION WITH TEXAS VENTURES III (“TVAC”)(NASDAQ:TVA) Detailed transaction overview Notes: (1) PlusAI Rollover Equity Value based on a $10.00 per share basis. (2) $4M of the committed capital is in common equity at $10.00 per Share. (3) Impl
Slide 36: Benchmarking
Copyright © 2026 PlusAI, Inc. All rights reserved. | 36 Differentiated technology, monetizable assets, and near-term path to scale Discount to autonomous trucking peers Differentiated revenue generation Observed market capitalization for public peers ($B) 2026E Revenue(5) ($M) $25.0 (7) $15.0 $9.5 $
Slide 37: Risk Factors
Risk Factors
Slide 38: Risk factors
Copyright © 2026 PlusAI, Inc. All rights reserved. | 38 Risk factors Investing in PlusAI and/or TVAC involves a high degree of risk. The risks and uncertainties set out below are a summary only and are not the only risks PlusAI and TVAC face. PlusAI and TVAC may face additional risks and uncertainti
Slide 39: Thank You
GPlusAI Thank You
Texas Ventures Acquisition III — SPAC Merger (September 2026) on 6ix