Cruise and General Motors announced last week that they have entered into a long-term strategic relationship with Microsoft to accelerate the commercialization of self-driving vehicles. The companies will bring their software and hardware engineering, cloud computing capabilities, manufacturing expertise and partner ecosystem together to transform transportation and create a safer, cleaner and more accessible world for everyone. Microsoft will join General Motors, Honda and institutional investors in a combined new equity investment of more than $ 2 billion in Cruise, bringing Cruise's post-money valuation to $ 30 billion.
GM also says it wants to launch thirty new electric car models worldwide by 2025. Additionally, General Motors will partner with Microsoft as its preferred public cloud provider to accelerate its digitization initiatives including collaboration, storage, artificial intelligence and machine learning. GM will work with Microsoft to explore options for streamlining digital supply chain operations, driving productivity, and delivering new mobility services to customers more quickly.
Cruise was founded in San Francisco, where the company is headquartered. The purpose of Cruise is to drive change by building the world's most advanced self-driving, fully electric, shared vehicles that securely connect people to the places, things and experiences that matter to them. Join our mission at getcruise.com.