How To Invest In Cruise Automation?

Autonomous driving is rapidly improving, but the leaders may not be who you think. Cruise, a self-driving car company majority owned by General Motors, has now started operating commercial vehicles in the US. Accredited investors can buy pre-IPO stock in companies like Cruise through EquityZen funds, which are made available by existing Cruise shareholders who sell their shares on Cruise. Cruise is in a race with Alphabets Waymo, Intel Mobileye, Amazon Zoox, Elon Musk’s Tesla, Pony.AI, and Baidu in Key Points to develop robotaxis in the West. General Motors is acquiring SoftBank Vision Fund 1’s equity ownership stake in its majority-owned Cruise autonomous vehicle unit for 2.1 billion. A GM spokesperson said the company’s increased investment position not only simplifies Cruises shareholder structure but also provides GM and Cruise Cruise Automation.

In November 2020, Cruise CEO Dan Ammann announced that General Motors Co. (NYSE:GM) was acquiring Cruise Automation to add Cruises deep software talent and rapid growth potential. Cruise is a leading self-driving car company driven to improve life in cities by safely connecting people with places and experiences they love. Accredited investors can buy pre-IPO stock in companies like Cruise through EquityZen funds. Honda invested 750 million in Cruise in October 2018, valuing the operation at 14.6 billion. GM remains bullish on its software initiatives and investments in joint ventures for electric vehicles, such as an investment projected to be around $1.5 billion.