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GM-backed Cruise to buy self-driving start-up Voyage


Cruise Chief Technology Officer Kyle Vogt (left) with Voyage CEO Oliver Cameron, who will be part of Cruise as a part of an acquisition of the corporate.

Voyage

General Motors’ majority-owned autonomous car subsidiary Cruise has agreed to purchase Voyage, a self-driving automotive start-up that operated in retirement communities.

The firms, which did not disclose the phrases of the deal, introduced it Monday in a weblog submit by Voyage CEO Oliver Cameron, who will be part of Cruise as vice chairman of product. Cruise spokesman Ray Wert declined to touch upon the price of the deal.

It’s unclear how lengthy Cruise will proceed working within the retirement communities. Wert stated the “communities in which they operate are not on our immediate roadmap.” Instead, Cruise is targeted on launching a robotaxi enterprise in San Francisco. A majority of Voyage’s 60 staff are anticipated to be part of Cruise, Wert stated.

“Voyage is tightly aligned to our mission, and shares our mindset around safety, accessibility, cost and convenience for customers,” Wert stated in an e mail. “Their talented team is highly productive and resourceful, with direct experience in developing a full-stack AV solution that will help accelerate our efforts to build the world’s most advanced self-driving vehicles.”

The acquisition provides to an ongoing consolidation within the autonomous car sector after years of enthusiasm touting the expertise as the subsequent multitrillion marketplace for transportation firms. Some firms, akin to Uber Technologies, have given up on growing the methods in-house, whereas others akin to Zoox offered to Amazon. Alphabet’s Waymo stays essentially the most high-profile front-runner, working a public autonomous car fleet in Arizona.

Cruise has remained steadfast in its testing since being acquired by GM in 2016. It has grown its registered testing fleet to greater than 200 autos however hasn’t but introduced when it plans to supply a robotaxi fleet to the general public in San Francisco. It initially deliberate to achieve this in 2019.

Other buyers in Cruise now embody Honda Motor, SoftBank Vision Fund, Microsoft and others.

The Cruise-Voyage deal stays topic to customary closing situations.



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