Announced
Completed
Financials
Sources
Tags
United States
driverless cars
self-driving vehicle research
Auto Technology
Private Equity
Acquisition
Friendly
Cross Border
Completed
Single Bidder
Minority
Private
Synopsis
SoftBank Vision Fund, a firm specialising in growth capital and social impact investments, completed a $1.35bn investment in Cruise, an American self-driving car company. “We’re opening a sign-up page on our site today so you can get a driverless ride soon—and free, for now. We’re starting with a small number of users and will ramp up as we make more cars available. This major milestone brings Cruise even closer to offering its first paid rides and generating $50bn in annual revenue by the end of the decade," Kyle Vogt, Cruise Interim CEO and Co-Founder.
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