Cruise and Motional backers slash robotaxi funding
Robotics Business Review
FEBRUARY 3, 2024
The road continues to be bumpy for robotaxi developers. Earlier this week, Cruise and Motional , two leading U.S.-based robotaxi companies, lost major funding sources that could significantly alter their futures. Let’s start with Cruise. And this news shouldn’t be shocking if you’ve been following Cruise for the past few months. General Motors, which acquired Cruise in 2016, said this week it will cut spending on the robotaxi unit by about $1 billion in 2024.
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