Voyage, a Palo Alto, California-based autonomous vehicle manufacturer, completed a $31m Series B funding.
The round, which brought total capital raised to date to $52m, was led by Franklin Templeton with participation from Khosla Ventures, Jaguar Land-Rover’s InMotion Ventures, and Chevron Technology Ventures.
The company intends to use the funds to ready its self-driving technology for commercialization, grow the team of self-driving experts, expand its fleet of G2 self-driving cars in California and Florida, and introduce its G3 self-driving car.
Founded in 2017 and led by Oliver Cameron, CEO, Voyage is developing autonomous vehicle technology for communities with limited transportation options available to them. The company’s first driverless product aims to ensure there’s always a viable option to move independently within a community, beginning with a self-driving car that can travel point-to-point within communities at speeds up to 25mph. So far, the company has been trialling its products in retirement communities in California and Florida, with 4,000 and 125,000 residents respectively.
FinSMEs
16/09/2019