Cruise IPO

getcruise.com

Cruise was founded in 2013 by Daniel Kan and Kyle Vogt. In March 2022, General Motors acquired a majority stake in the company, buying out SoftBank Vision Fund's ownership interest. The company operates as a subsidiary of GM, and while a public offering is no longer in the future, Cruise says that it is exploring new options in private equity that would have "potential upside for employees but without all the distractions of being a public company." These comments should not be interpreted to mean that the company is formally pursuing or foregoing an IPO.

Cruise is an automated taxi service. In June 2022, the company secured a commercial permit from the City of San Francisco, allowing its fleet of self-driving cars to be operate as a rideshare service. The company states that this makes Cruise the first "commercial, driverless ridehail service in a major US city." Cruise has made 4 acquisitions and has raised more than $15 billion in venture capital funding from investors including Honda, Microsoft, GM, T. Rowe Price, and SoftBank Vision Fund. Cruise was most recently valued at $21 billion.

Founded2013
Total Funding to Date$8B
Register for Details

For more details on financing and valuation for Cruise, register or login.

Please provide a valid email address.

By registering, you agree to Forge’s Terms of Use. Already registered? Log in

Cruise Ticker Symbol

Cruise does not currently have an official ticker symbol because this company is still private. Register today to connect with our Private Market Specialists and learn more about new pre-IPO investment opportunities.

Cruise Stock Price

The stock price for Cruise will be known as it becomes public. Here are similar public companies: Tesla (NAS: TSLA), Rivian (NAS: RIVN), Ford (NYS: F), Uber (NYS: UBER), Lyft (NAS: LYFT).

Major Investors for Cruise

Insight Partners
Sapphire Ventures
Tiger Global Management
Microsoft
M12
Walmart
Honda Motor Company
Quiet Capital
frogVentures
CapitalX

Other companies like Cruise in the Transportation sector

Sector
Last Round Est. Valuation
$337.5MM
Sector
Last Round Est. Valuation
$5.68B
Sector
Last Round Est. Valuation
$39.13B
Sector
Last Round Est. Valuation
$8.64B
Sector
Last Round Est. Valuation
$7.2B
Sector
Last Round Est. Valuation
$4B
Sector
Last Round Est. Valuation
$93MM
Sector
Last Round Est. Valuation
$1.62B