Cruise LLC, the self-driving technology company thats majority-owned by
General Motors Co., said it acquired autonomous-vehicle startup Voyage, which operates a service in retirement communities.
Im pleased to welcome Oliver Cameron and
Voyage to the Cruise team, Cruise President Kyle Vogt announced Monday on
Twitter, confirming a Bloomberg News
report from early this month. Voyage is a nimble and highly capable company that shares our mission to make transportation safer & more accessible, and were thrilled that theyre joining us.
The deal gives Cruise more than 60 people trained in developing and running self-driving vehicles, where experience and talent comes at a premium. Cameron, Voyages chief executive officer, is joining Cruise as vice president of product.
Cruises acquisition of Voyage happens at a time when autonomous-technology companies are consolidating. Zoox Inc. sold to
Amazon.com Inc. last year. For Voyage, joining Cruise is a way for Cameron to continue his work with the aid of the acquirers 1,800 employees and its deeper pockets.
The purchase price wasnt disclosed.
While Voyage has raised $52 million, Cruise has raised more than $8 billion and gets about $1 billion a year from GM.
The self-driving industry is consolidating, and the leaders of a trillion-dollar market are fast emerging, Cameron said on a
blog post on Voyages web page. After being intimately involved with the AV industry for the last five years, I can say with certainty that Cruise — with its advanced self-driving technology, unique automaker partnerships, and all-electric purpose-built vehicle with no human controls — is poised to be the clear leader.
Cameron said that key members of Voyages technology team will be working on the Cruise
Origin, the companys dedicated self-driving shuttle.
Before it’s here, it’s on the Bloomberg Terminal.