Walmart has just announced it intends to dip into the autonomous vehicle sector, investing in a San Francisco-based self-driving car company.
The Bentonville-based super retailer is investing in Cruise
, a company developing a fleet of self-driving electric vehicles. According to Walmart U.S. president and CEO John Furner, this endeavor is intended to help develop Walmart’s last mile delivery ecosystem.
“Over the years we’ve been doing a lot to learn more about the role autonomous vehicles can play in retail, and we’ve seen enough to know it’s no longer a question of if they’ll be scaled, but when,” Furner said in the corporate blog.
The company's major focus is on renewable energy, reflected by Walmart’s commitment to achieve zero emissions by 2040 and to be powered 100 percent by renewable energy by 2035. “We’ve been impressed with Cruise’s differentiated business model, unique technology and unmatched driverless testing. We also value our shared commitment to a zero emissions future,” he said. -Arkansas Money & Politics
Read the full article HERE.