Voyage has completed a $31-million Series B fundraise led by Franklin Templeton with significant participation from Khosla Ventures, Jaguar Land-Rover’s InMotion Ventures, and Chevron Technology Ventures.
The latest financing brings total capital raised to $52 million.
Voyage will use the new funds to ready its self-driving technology for commercialization, grow its team of self-driving experts, expand its fleet of G2 self-driving cars in California and Florida, and introduce its G3 self-driving car.
Voyage is focusing on bringing autonomous driving to private communities first. As the state-of-the-art advances, its will commercialize its technology in progressively more complex communities.
Voyage launched its first-generation fleet of self-driving cars (retrofitted Ford Fusions, called the G1) at a small retirement community in San Jose, California. It launched the second-generation fleet of self-driving cars (G2, based on the Chrysler Pacifica hybrid) with best-in-class sensors and compute; signed unique maintenance and insurance deals with companies such as Enterprise and Intact; expanded operations from the 4,000-resident retirement community in San Jose to a 125,000-resident retirement city in Florida (The Villages); and grew its deployment waitlist to communities containing more than 1.1 million residents.