In a Tweet earlier today, autonomous rideshare company Cruise, announced it has secured a multi-year credit line of $5 billion from GM financial, to help purchase thousands of Origin vehicles. This new credit line will give Cruise $10 billion in total capital to help roll out its autonomous Origin vehicles manufactured by GM.
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Autonomous rideshare rivals Waymo and Cruise have both reportedly applied for permits to charge passengers for self-driving rides in the San Francisco Bay area. Some of the applications are still under review, but it could be a major step toward autonomous rideshare vehicles operating as commonplace soon.
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Self-driving startup Voyage announced it has been acquired by Cruise, a larger autonomous driving company. The California-based company previously made breakthroughs in self-driving technologies by transporting senior citizens around their communities. Voyage looks to pair its previous research with Cruise’s substantial resources to expand self-driving services to all.
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As Electrek reported, Cruise yesterday unveiled its van-like, self-driving, all-electric vehicle. For the past four years, Cruise (a GM subsidiary) has been repurposing Chevy Bolts — including its four-generation self-driving Bolt that doesn’t have a steering wheel. But now GM’s Cruise has the Origin.
The two essential things to consider is that the Origin is the first of many vehicles built using GM’s up-and-coming new EV platform. Second, GM and Cruise want to build the vehicle on a massive global scale.
Cruise, GM’s self-driving startup, has unveiled the Cruise Origin, a new autonomous electric vehicle that will power an all-electric, completely autonomous ride-sharing service.
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GM’s self-driving unit Cruise issued an update on its progress as it looks to achieve large scale deployment in San Francisco, including a scaled buildout of electric vehicle infrastructure.
GM announced today that it is investing $100 million into upgrading two factories to start making the production version of its self-driving Chevy Bolt EV for its upcoming driverless ride-sharing service to be launched next year.
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Earlier this year, GM acquired self-driving car start-up Cruise Automation in an attempt to accelerate its self-driving technology program. Not long after the acquisition, the company equipped a fleet of Chevy Bolt EVs with its sensor suite and started testing the vehicles on the streets in the Bay Area.
Now we learn that Cruise and GM are expanding their test fleet to Scottsdale, Arizona.
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GM confirmed today that it is acquiring the self-driving car startup Cruise Automation for an undisclosed amount. The company was founded in 2013 by Kyle Vogt who is best known for being one of the co-founder of the streaming website Twitch.
Cruise’s goal was to build self-driving technology that works on your existing car, which took the form of the sensor package RP-1 prototype (see picture above and video below).
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Tesla CEO Elon Musk confirmed that the company can’t offer the Autopilot as a retrofit. There are a few aftermarket options available to add driver assist features to a car, but nothing close to Tesla’s ‘Autosteer’ and ‘Auto Lane Change’ features… until now.
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