Cruise is set to receive the balance of the $2.25bn pledged by SoftBank Vision Fund in 2018 after commercially launching its autonomous taxi service in San Francisco.

Internet and telecommunications group SoftBank’s Vision Fund is set to invest $1.35bn in US-based autonomous driving technology developer Cruise, which launched its driverless taxi service yesterday. Founded in 2013, Cruise has developed self-driving electric vehicles designed to be deployed as taxis. Automotive manufacturer General Motors (GM) acquired the company in a $1bn deal in 2016,…

The rest of this content is only accessible to Global Venturing Subscribers.

This content is only accessible to subscribers. If you are a subscriber, please sign in. Otherwise, if you would like to try before you buy and haven't previously taken out a free trial, you can do so below. You can also see details on subscriptions by clicking the Subscription Options button.