Tag Archives: SoftBank Vision Fund

Autonomous – GM Ups Stake in Cruise and Buys out Softbank

Posted on 18 March 2022 by Ken Zino

Cruise has made self-driving cars a reality and is arguably the leader on the pathway to commercial autonomous ridesharing and delivery, creating significant value for both GM shareholders and Cruise’s minority shareholders. Since Cruise was founded in 2013, it has run more than 2 million autonomous miles in California. It has 300+ all-electric AVs on roads in San Francisco and Phoenix. Funding is more than $9 billion with ~1900 employees, with a market valuation of, gulp, +$30 billion. Continue reading →

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SoftBank Vision Fund to Invest $2.25 B in GM Cruise

Posted on 7 June 2018 by Ken Zino

The SoftBank Vision Fund investment will be made in two phases. At the closing of the transaction, the Vision Fund will invest the first tranche of $900 million. At the time that Cruise AVs are ready for commercial deployment, the Vision Fund will complete the second tranche of $1.35 billion. Continue reading →

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