Cruise Secures $1.15 Billion of Additional Investment
Tue, May 7, 2019
SAN FRANCISCO, CA, May 7, 2019 –
Cruise
announced today an equity investment of $1.15 billion from a group comprising institutional investors, including funds and accounts advised by T. Rowe Price Associates, Inc.,
and existing partners
General Motors,
SoftBank Vision Fund
Honda.
This investment
increases Cruise’s post-money valuation to $19.0 billion, inclusive of SoftBank Vision Fund’s previously announced investment commitment. In the last year, Cruise has secured capital commitments totaling $7.25 billion.
General Motors Company