Cruise LLC, the self-driving expertise firm that’s majority-owned by Normal Motors, mentioned it acquired autonomous-vehicle startup Voyage, which operates a service in retirement communities.
“I’m happy to welcome Oliver Cameron and Voyage to the Cruise staff,” Cruise President Kyle Vogt announced Monday on Twitter, confirming a Bloomberg News report from early this month. “Voyage is a nimble and extremely succesful firm that shares our mission to make transportation safer & extra accessible, and we’re thrilled that they’re becoming a member of us.”
The deal provides Cruise greater than 60 individuals educated in growing and working self-driving autos, the place expertise and expertise comes at a premium. Cameron, Voyage’s chief government officer, is becoming a member of Cruise as vice chairman of product.
Cruise’s acquisition of Voyage occurs at a time when autonomous-technology corporations are consolidating. Zoox Inc. sold to Amazon.com Inc. final yr. For Voyage, becoming a member of Cruise is a method for Cameron to proceed his work with assistance from the acquirer’s 1,800 workers and its deeper pockets.
The acquisition worth wasn’t disclosed.
Whereas Voyage has raised $52 million, Cruise has raised greater than $8 billion and will get about $1 billion a yr from GM.
“The self-driving business is consolidating, and the leaders of a trillion-dollar market are quick rising,” Cameron mentioned on a weblog put up on Voyage’s internet web page. “After being intimately concerned with the AV business for the final 5 years, I can say with certainty that Cruise — with its superior self-driving expertise, distinctive automaker partnerships, and all-electric purpose-built car with no human controls — is poised to be the clear chief.”
Cameron mentioned that key members of Voyage’s expertise staff can be engaged on the Cruise Origin, the corporate’s devoted self-driving shuttle.
On this articleTRUObserve your favourite sharesCREATE FREE ACCOUNTWith inflation reducing into the budgets of People,…
The next story consists of renderings of a fictional pickup created by impartial designer Travis…
Aston Martin teamed up with fellow historic British model Brough Superior to launch the beautiful…
Tesla has pulled on one other demand lever in China by creating some urgency to…
Renault is deepening its collaboration with Google in a bid to increase capabilities on distant…
12:20 PM ETMax Verstappen and Purple Bull will speak to Sky Sports activities as regular…