The New Paper

April 16, 2021

Walmart announces investment in Cruise

Walmart announced an investment in GM autonomous vehicle subsidiary Cruise, bringing the unit’s most recent funding round to $2.75B (at a $30B valuation). Walmart noted that the investment was made as part of an ongoing effort to build a last-mile delivery ecosystem.
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This story is from the April 16, 2021 edition of The New Paper – a clear, concise daily briefing that makes fact-first news easy to consume. Try it today.