Walmart helps push Cruise’s latest investment round to $2.75B
https://techcrunch.com/2021/04/15/walmart-helps-push-cruises-latest-investment-round-to-2-75b/
Cruise, the autonomous vehicle company aiming to deploy robotaxis in San Francisco and Dubai, has added Walmart as an investor in an extended fundraising round that has grown to $2.75 billion.
The company said it has a post-money valuation of more than $30 billion. Walmart and several unnamed institutional investors added capital to a $2 billion equity round announced back in January that was led by Microsoft. The companies didn’t disclose Walmart’s exact investment. Cruise, the autonomous vehicle subsidiary of GM, is also backed by Honda, Softbank Vision Fund and funds managed by T. Rowe Price.