Walmart investing in GM’s Cruise self-driving car company

Walmart is investing in Cruise, General Motors’ majority-owned self-driving vehicle subsidiary, as part of a new $2.75 billion funding round for the company.

The decision to invest comes about five months after the companies started developing a pilot program to use Cruise self-driving vehicles for deliveries in Scottsdale, Arizona…

Furner said Walmart has “been impressed with Cruise’s differentiated business model, unique technology and unmatched driverless testing.” Walmart has announced partnerships with six autonomous vehicle companies, including Cruise, Ford Motor and Alphabet-owned Waymo. The pilot with Cruise remains under development but the investment is a strong vote of confidence in the company.