GRA Note: An update from an article we distributed in September...
Cruise soft launches ‘robotaxi’ service in Austin
In this Jan. 16, 2019, photo, Cruise AV, General Motor’s autonomous electric Bolt EV is displayed in Detroit. General Motors’ self-driving car company has announced plans to expand a robotaxi service into new markets in Arizona and Texas before the end of this year. Cruise told investors at a banking conference Monday, Sept. 12, 2022, that an autonomous ride-hailing service that began charging San Francisco passengers in June will make its debut in Phoenix and Austin, Texas, within
the next 90 days.
(AP Photo/Paul Sancya, File)
AUSTIN (Austin Business Journal) — Austin continues to play a key role in the development of autonomous vehicles.
Cruise LLC has expanded its “robotaxi” service to a limited list of riders in Austin and Phoenix, Arizona. The service, which now has a presence in Central Texas, Arizona and San Francisco, is expected to expand to the public later in 2023.
Backed by General Motors Co. (NYSE: GM), Honda (NYSE: HMC), Microsoft (Nasdaq: MSFT), T. Rowe Price (Nasdaq: TROW) and Walmart (NYSE: WMT), the company shared on its website that it has raised $10 billion in funding to develop and roll out its services. GM holds the majority ownership stake in the company.
