Walmart invests in GM Cruise for autonomous deliveries autoblog.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from autoblog.com Daily Mail and Mail on Sunday newspapers.
Self-drive automaker Cruise, backed by General Motors Co (GM.N), on Thursday said it raised $2.75 billion in its latest funding round with additional investment from Walmart Inc (WMT.N) and others, taking the startup's valuation over $30 billion.
Print
Self-drive automaker Cruise, backed by General Motors, on Thursday said it raised $2.75 billion in its latest funding round with additional investment from Walmart Inc. and others, taking the startup s valuation over $30 billion. We are focused on our path to commercialization right now but the IPOs happening in the space right now are a great indication of the strength of the industry and the opportunity self-driving presents, a Cruise spokeswoman said in a statement to Reuters.
The investment will help support Walmart’s push to create a home-delivery logistics network that’s “fast, low-cost and scalable,” Walmart U.S. CEO John Furner said in a blog post.
Self-driving startup Cruise raises $2 75 billion from Walmart, others reuters.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from reuters.com Daily Mail and Mail on Sunday newspapers.