Cruise LLC, the self-driving car startup majority owned by General Motors, plans to expand its robotaxi business to Phoenix and Austin in the next three months with a target of adding $1 billion in revenue by 2025.
The autonomous-vehicle firm began charging fares in its ride-hailing business in June with a pilot in San Francisco. Cruise CEO Kyle Vogt said the technology is performing well enough to justify the expansion.
“For the first time in eight years the technology for AV is no longer the bottleneck,” Vogt said Monday at a Goldman Sachs conference. “We’re in a position to grow and to do it very quickly.”