Partnership with Cruise, GM aims to bring ‘new mobility services’ to customers. Self-driving carmaker Cruise and majority shareholder General Motors Co said they would work with Microsoft Corp to accelerate the commercialization of driverless vehicles.
Microsoft will join GM, Honda Motor Co and institutional investors in a combined new equity investment of more than $2 billion in Cruise, bringing the post-money valuation of the San Francisco-based start-up to $30 billion.
The new investment pushes Cruise to the forefront of companies developing self-driving vehicles and technology.
Waymo, the self-driving company majority owned by Alphabet, is valued at just over $30 billion, according to investor website PitchBook.
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