850m

“Reviving Robotaxis: GM Grants $850M to Cruise for Houston Relaunch”

Cruise Houston
Patrick Morrisey, VP of corporate communications at GM, told TechCrunch that the reduction in spending is still in effect, despite today’s capital infusion. In total, Cruise has already raised over $15 billion, per Crunchbase data. In October, a Cruise robotaxi ran over and dragged a pedestrian 20 feet in San Francisco. The pedestrian had initially been hit by a human-driven car and landed in the path of a Cruise robotaxi. In other states where AV companies don’t need to acquire permits, Cruise is already making a comeback.