Cruise Secures $1.15 Billion of Additional Investment

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

https://investor.gm.com/news-releases/news-release-details/cruise-secures-115-billion-additional-investment