January 19, 2021

CruisePhoto400x275Cruise, which is developing self-driving, all-electric shared vehicles, and General Motors announced a long-term strategic relationship with Microsoft to accelerate the commercialization of self-driving vehicles. Microsoft joined GM, Honda and institutional investors in a combined new equity investment of more than $2 billion in Cruise, bringing the company’s post-money valuation to $30 billion.

“Our mission to bring safer, better and more affordable transportation to everyone isn’t just a tech race – it’s also a trust race,” said Cruise CEO Dan Ammann. “Microsoft, as the gold standard in the trustworthy democratization of technology, will be a force multiplier for us as we commercialize our fleet of self-driving, all-electric, shared vehicles.”

Cruise said it will leverage Azure, Microsoft’s cloud and edge computing platform, to commercialize its autonomous vehicle solutions at scale. Microsoft will also tap into Cruise’s industry expertise to enhance its customer-driven product innovation and serve transportation companies across the globe through continued investment in Azure, Microsoft said.

“Advances in digital technology are redefining every aspect of our work and life, including how we move people and goods,” said Satya Nadella, CEO of Microsoft. “As Cruise and GM’s preferred cloud, we will apply the power of Azure to help them scale and make autonomous transportation mainstream.”

GM CEO Mary Barra said the partnership will help GM in its goal of launching 30 new electric vehicles globally by 2025 and creating new businesses and services to drive growth. “Microsoft is a great addition to the team as we drive toward a future world of zero crashes, zero emissions and zero congestion,” said Barra.

GM said it will also work with Microsoft to accelerate it digitization initiatives, including collaboration, storage, artificial intelligence and machine learning capabilities. GM said it will explore opportunities with Microsoft to streamline operations across digital supply chains to bring new mobility services to customers faster.