Apr 15th, 2021

Cruise Upsizes Investment Round to $2.75B

San Francisco -- APRIL 15, 2021-- Cruise today announced that several institutional investors and Walmart have joined its previously announced investment round, bringing the total capital raised to $2.75 billion at a valuation of more than $30 billion. 

“Self-driving cars will make transportation safer, cleaner and more accessible for everyone. Making this happen requires a clear mission, world-class talent, great partners and a lot of capital” said Cruise CEO Dan Ammann.

In November 2020, Cruise and Walmart announced a partnership to launch a self-driving delivery pilot leveraging Cruise’s all-electric fleet in Phoenix, AZ. “This investment is a marker for us – it shows our commitment to bringing the benefit of self-driving cars to our customers and business,” said John Furner president and CEO, Walmart U.S. “We’re excited to join Cruise’s already impressive partner and investor ecosystem with the likes of GM, Honda and Microsoft as we work towards pioneering this emerging technology.” 

For more information, see Walmart’s blog here.