Voyage Lands $31M To Expand Self-Driving Vehicle Fleet

Voyage announced that it has raised $31 million in a Series B fundraise.

The round was led by Franklin Templeton, with participation from Khosla Ventures, Jaguar Land-Rover’s InMotion Ventures, and Chevron Technology Ventures. This brings Voyage’s total capital raised to $52 million, according to a blog post written by Oliver Cameron, Voyage co-founder and CEO.

“At Voyage, our mission is to deliver on the promise of self-driving cars, and we are thrilled to be working with forward-thinking investors who deeply believe in that mission,” Cameron wrote. “Together with these new resources, we will deliver an autonomous ride-hailing service to customers who truly need it!”

Cameron revealed that the company will use the funding to work on its self-driving technology for commercialization, hire additional self-driving experts, boost its fleet of G2 self-driving cars in California and Florida, and introduce its G3 self-driving car.

“Chevron has been supporting the public’s transportation needs for over 100 years,” said Barbara Burger, president of Chevron Technology Ventures, in the blog post. “As our customers’ mobility needs and preferences change, we want to continue to be part of their journeys. Our investment in Voyage affirms this commitment.”

Voyage’s first driverless product will be able to travel point-to-point within a community at speeds up to 25 mph.

“We’ve been working for over two years on this driverless product, and progress has been rapid,” Cameron wrote. “Our vehicles intelligently and autonomously navigate the complex neighborhoods of our communities, and safely transport our passengers door-to-door. This capability has been enhanced by recent accomplishments of our engineers, such as transitioning to a safety-critical and certifiable middleware, shipping a brand new prediction engine with an over 10x performance improvement, and creating triple redundancy in our perception system. This capital will take us to the next level, enabling us to commercialize safe, self-driving technology within and outside these communities.”