SoftBank Vision Fund invests 2.25 billion dollars in GM Cruise, the self-driving technology department of General Motors. GM itself invests another 1.1 billion dollars.
Japanese SoftBank Vision Fund created a 100 billion dollar fund, which it has already used to invest in other mobility companies, including he ride sharing companies Uber, Didi, Ola, and Grabon, processor companies Nvidia and ARM, or navigation map company Mapbox.
At first, 900 million dollars are going to be invested, another 1.35 billion dollars will follow, as soon as GM Cruise is ready for commercial deployment. This is expected for 2019.
This article has also been published in German.