$142.8-210k
Self-driving vehicles
Job no longer available
Self-driving vehicles
1001+ employees
Job no longer available
$142.8-210k
1001+ employees
To create a better world by deploying driverless cars at scale.
Desirable
The taxi industry has seen dramatic changes through mobile vehicle-hailing apps such as Uber, but these services focus simply on ease-of-access to regular taxi services. The automotive industry has seen a vast range of innovations in recent years such as electric cars and self-driving capability, features that are currently not found in existing services.
Cruise brings self-driving autonomy and electric cars together into a taxi-hailing mobile application. In addition to these innovations, the service focuses on efficiency through ride-sharing as opposed to each ride providing a single trip. Whilst other taxi-hailing services will inevitably turn to electric self-driving vehicles, Cruise shows potential to stand out through its AI-fuelled focus on carpooling and fleet efficiency.
Cruise, which has been acquired by General Motors, has received an inordinate amount of funding, including from Honda and Microsoft, with Softbank investing over $2B to scale its technology. A sum of this came after Cruise launched a limited driverless robotaxi service to the public in San Francisco. However, the company is now facing lawsuits from the city to limit its operations there after a series of accidents involving Cruise's vehicles.
Freddie
Company Specialist
Jun 2024
$850m
LATE VC
Feb 2022
$1.3bn
GROWTH EQUITY VC
China Basin, San Francisco, CA
Founders
Craig Glidden
(CEO (Not Founder))Is also currently the Executive Vice President of General Motors in its Legal wing.
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