Growth Wanes at Instacart, GopuffRead more

Briefing

Cruise Unlocks $1.35 Billion Funding From SoftBank, Creeps Toward Robotaxi Service

By
Amir Efrati
· · Source: The Information

General Motors-owned Cruise, one of the most prominent developers of driverless taxis, said Tuesday it was ready to take public customers on rides in San Francisco. The milestone means Cruise, following several turbulent years and the recent departure of its CEO, will receive $1.35 billion from SoftBank’s Vision Fund. SoftBank first backed Cruise a few years ago and promised the additional funds...

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