GM Subsidiary Cruise Acquires Self-Driving Car Startup Voyage

Cruise, a majority-owned subsidiary of General Motors (GM), has scooped up self-driving vehicle startup Voyage, according to a blog post on Monday (March 15). The terms of the deal were not disclosed.

“At Voyage, we’ve been laser-focused on delivering a product that benefits the lives of real people,” Voyage Co-Founder and CEO Oliver Cameron said in the post.

Voyage’s goal is to give senior citizens with limited mobility a new product that would offer flexibility, the post stated.

“We’ve made tremendous progress towards this goal, moving countless senior citizens (some as old as 92!) around their communities,” Cameron said in the post.

The new resources will help Voyage expand its scope beyond senior citizens to every population segment that could benefit from autonomous vehicles, the post stated. The self-driving vehicle industry is consolidating and is tracking for a market worth in excess of $1 trillion.

“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 auto-maker partnerships, and all-electric purpose-built vehicle with no human controls — is poised to be the clear leader,” Cameron said in the post.

According to Cameron’s LinkedIn page, he is now the vice president of Product at Cruise.

“There’s still much to do to fulfill our mission of delivering on the promise of self-driving cars, and we couldn’t be more excited to continue that mission with the incredible, world-class team at Cruise,” Cameron said in the post.

Cruise is headquartered in San Francisco where it was founded in 2013. The company’s goal is to build the most advanced autonomous vehicles, according to a press release.

In other news, Walmart announced a partnership with Cruise in November to introduce the concept of driverless deliveries in Scottsdale, Arizona. The brick-and-mortar retail behemoth had previously said it was tying up with autonomous vehicle companies Nuro in Houston, Ford in Miami, Gatik in Arkansas, and others.