Jaguar Land Rover's venture capital arm InMotion Ventures has announced its follow-on investment into autonomous vehicle manufacturer Vo...
Jaguar Land Rover's venture capital arm InMotion Ventures has announced its follow-on investment into autonomous vehicle manufacturer Voyage. The investment is part of a $31m Series B fundraiser, led by Franklin Templeton, with participation from Khosla Ventures and Chevron Technology Ventures - bringing its total capital raised to $52m. The fresh funding will be used bring its technology to commercialisation, grow its team, expand its fleet of G2 self-driving cars, and introduce its G3 self-driving car.
The company's first driverless product will be a self-driving car that can travel point-to-point within communities at speeds up to 40 kmph. So far, the company has been trialing its products in retirement communities in California and Florida, with 4,000 and 125,000 residents respectively.
Sebastian Peck, MD, Inmotion ventures said, "Since investing in the company's series A in 2018, it's been fantastic to watch the business go from strength to strength. The company has made some incredible hires which have been instrumental in enabling the development of voyage's state-of-the-art technology."
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