Announced
Financials
Tags
Pending
Friendly
Auto Technology
Private
United States
Domestic
Single Bidder
Acquisition
Venture Capital
Minority
self-driving vehicles
Synopsis
Microsoft lead a $2.75bn investment round in Cruise, an autonomous vehicle company, with participation from Honda, General Motors and Walmart. "Our mission to bring safer, better and more affordable transportation to everyone isn't just a tech race – it's also a trust race. Microsoft, as the gold standard in the trustworthy democratization of technology, will be a force multiplier for us as we commercialize our fleet of self-driving, all-electric, shared vehicles," Dan Ammann, Cruise CEO. On April 15, 2021, Cruise announced that Walmart and several other institutional investors joined the funding round and increased total capital raised to $2.75bn from $2bn.
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