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.