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Home Autonomous Vehicles

Cruise, a self-driving automobile startup, has raised $2.75 billion in funding from Walmart and other investors

Tech Gist Africa by Tech Gist Africa
04/16/2021
in Autonomous Vehicles, Funding, World News
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Microsoft- Cruise, self driving car Tech news

Microsoft- Cruise, self driving car Tech news

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Cruise, the self-driving automaker backed by General Motors, has raised $2.75 billion in its new funding round, with additional funding from Walmart and others, bringing the company’s value to over $30 billion.

“We are currently focused on our road to commercialization,” the company said, “but the IPOs currently taking place in the space are a great indicator of the power of the market and the opportunity self-driving provides.”

From 2023, the company plans to deploy a small number of its Origin vehicles for ride-hail services in Dubai, marking the company’s first commercial operation outside of the United States.

Read More on Tech Gist Africa:

In 2023, Cruise will debut its self-driving robotaxi in Dubai

Microsoft is backing Cruise, self-driving car manufacturer, with a $2 billion investment.

 

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