SoftBank invested in GM unit
The investments raised will be spent on expanding the team and scaling the business.
The company announced the launch of driverless cab testing in San Francisco. To participate, it is necessary to leave an application on the website. So far, driverless cars are only driving in some areas of the city: Haight-Ashbury, Richmond, Chinatown and Pacific Heights.
The company is focused on overnight trips - driverless electric cars will carry passengers from 11 p.m. to 5 a.m. local time.
Cruise was founded in 2013 in San Francisco. In 2016, the startup was bought by GM for $1 billion.
In May 2019, Cruise raised $1.15 billion from GM, SoftBank, Honda and other investors. In January 2021, Microsoft, Honda and others invested $2 billion in the startup.
In January 2020, Cruise unveiled its first production ride-sharing car. In October 2021, it announced plans to launch a cab service in the U.S., and by 2023 in Dubai.
