GM Cruise raises $1.5B at a $19B valuation from Softbank and Honda

GM Cruise has raised another $1.5 billion in new equity from a group of investors that includes T. Rowe Price Associates, Honda, Softbank Vision Fund, and its parent company GM as the self-driving vehicle company pushes to launch a commercial autonomous ride-hailing service this year. This investment increases Cruise’s post-money valuation to $19 billion, inclusive of SoftBank’s […]

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