GM's Cruise to raise $1.35b more from SoftBank as it readies robotaxis

GM's Cruise to raise $1.35b more from SoftBank as it readies robotaxis

A General Motors Co. Cruise autonomous test vehicle is parked at a new charging station in San Francisco, California, U.S., on Monday, July 2, 2018. Photographer: David Paul Morris/Bloomberg

Self-driving tech firm Cruise on Tuesday said SoftBank Group Corp’s Vision Fund has agreed to invest an additional $1.35 billion through a second tranche, as it works to launch a commercial ride-hailing service in San Francisco.