car giant General Motors has secured the car with a new billion cash injection for its Robot company Cruise.
The 1.15 billion Dollar (1 billion Euro) will come from institutional investors such as the financial firm T. Rowe Price. With the new funding, the overall assessment of the Cruise have reached $ 19 billion, as General Motors announced on Tuesday.
The auto group had purchased the Start-up Cruise 2016 to catch up to competitors like the Google sister company Waymo. Cruise has now become the Basis for the development of self-driving vehicles at GM. The group is working on a Robotaxi Service and plenty of Cruise-in vehicles by San Francisco travel.
last year, agreed Cruise is already a money injection from the Vision-investment Fund of the Japanese technology group Softbank in the amount of 2.25 billion dollars, as well as other 2.75 billion dollars from the car manufacturer Honda.