Sustainability Magazine July 2024 | Page 45

CRUISE

TOP 10 01

CRUISE

REVENUE : US $ 14.6BN ( FEB 2024 ) CEO : MO ELSHENAWY FOUNDED : 2013 HEADQUARTERS : UNITED STATES
Cruise is a leading autonomous vehicle company , dedicated to revolutionising transportation through self-driving technology . Founded in 2013 by Kyle Vogt and Dan Kan , Cruise focuses on developing fully autonomous vehicles designed to improve urban mobility , enhance safety and reduce the environmental impact of transportation .
Cruise has attracted significant investment from industry giants , receiving US $ 10bn from well-respected companies and investors including GM , Honda , Microsoft , T . Rowe Price and Walmart .
Cruise began offering taxi services via entirely autonomous means in 2021 – becoming the first company to complete a fully driverless ride in a major US city . By February 2023 , its AVs had collectively driven one million driverless miles – a distance equivalent to more than 40 laps around the planet .
Committed to sustainability , Cruise ’ s all-electric autonomous vehicles contribute to reducing greenhouse gas emissions and urban congestion . The company ’ s vision is to create a future where autonomous vehicles provide safe , accessible and efficient transportation for everyone .
Mo Elshenawy CEO , Cruise
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