Self-driving car startup Voyage has bagged a $31 million Series Series B financing led by Franklin Templeton. The round also saw participation from Khosla Ventures, Jaguar Land Rover’s InMotion Ventures, and Chevron Technology Ventures.
Prior to this round, the Palo Alto-based company had secured $20.2 million as part of its Series A round. The current infusion takes the total sum raised by the firm to $51.2 million. Initialized Capital, CRV, Amino Capital, SV Angel are the other notable names who have infused sum in the company.
Cameron, the co-founder of the firm through a blogpost said, “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. Together with these new resources, we will deliver an autonomous ride-hailing service to customers who truly need it!”
As per Cameron, the freshly raised funds will help them work on its self-driving technology for commercialization, hire more self-driving experts along with getting more G2 self-driving cars and launch of G3 segment cars. The firm has struck deals with Enterprise rental cars and Intact Insurance for its scaling as well.
Barbara Burger, president of Chevron Technology Ventures talking about the deal said, “Chevron has been supporting the public’s transportation needs for over 100 years. 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.”