Recently, 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.
Cruise is a startup founded in 2013 in San Francisco. In 2016, GM purchased Cruise, focusing on making the automaker’s Bolt EV fully autonomous, backed by $14 million in funding.