GM's robotaxi startup plans to expand to Phoenix and Austin within 90 days, following its launch in San Francisco earlier this year

The CEO of Cruise said the company wants to add Phoenix, Arizona, and Austin, Texas, this year.

The company aims to expand to the cities within the next three months and hopes the new service can help it hit revenues of $1 billion by the year 2025.

The technology for automated vehicles is no longer a problem, for the first time in eight years, according to the speaker. He said that they are in a good position to grow quickly.

Cruise was testing a self-driving delivery service with Walmart in Phoenix and had obtained permits to use self-driving cars in the city.

Cruise began trialing a ride-sharing service in San Francisco in January of 2022. The Public Utilities Commission in California gave the go-ahead for it to charge customers for rides.

Chevrolet Bolt EV is one of the vehicles the company uses for its San Francisco service. The technology had performed well enough to justify the expansion, according to the man.

Cruise has received more than $10 billion from investors since it was founded. It has been burning cash as it works to develop its own self-driving car, Origin, which will be manufactured at GM's Factory Zero.

According to GM's second quarter earnings report, the company posted an operating loss of $543 million.

The company plans to triple or double the number of vehicles in San Francisco by the end of the year.

Cruise didn't reply immediately to Insider's request for further comment.