GM Cruise raises $1.15B at a $19B valuation from Softbank and Honda – TechCrunch

GM Cruise raises $1.15B at a $19B valuation from Softbank and Honda – TechCrunch:

GM Cruise has raised another $1.15 billion in new equity from a group of investors that includes T. Rowe Price Associates, Honda, Softbank Vision Fund and its parent company GM as the self-driving vehicle company pushes to launch a commercial autonomous ride-hailing service this year. 

This investment increases Cruise’s post-money valuation to $19 billion, inclusive of SoftBank’s previously announced investment commitment. Cruise has secured capital commitments totaling $7.25 billion in the past year, according to the company.

https://autonomous-driving-news.tumblr.com/post/184713123244

Leave a Reply