Walmart is betting on self-driving delivery with an investment in GM’s electric autonomous car company Cruise.
The retail giant announced today it has joined the startup’s latest funding round of $2.75 billion, though it declined to reveal its contribution. The announcement comes after Walmart began developing a pilot test for store deliveries with the GM-majority-owned company in Scottsdale, Ariz., last November.
Top line
Walmart is hoping its ties to the company will help it expand its driverless fleet in a way that also serves its goal of cutting carbon emissions down to zero by 2040.
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