Voyage Snags $31 Million As It Targets A Self-Driving Niche: Retirement Communities

Voyage, a Silicon Valley self-driving vehicle startup focused on using the technology to provide transportation at retirement communities, has landed $31 million of new funding to expand its robotic fleet and engineering team.

Led by 31-year-old CEO and cofounder Oliver Cameron, a Forbes 30 Under 30 alum, Voyage said Franklin Templeton was the lead investor in its Series B round, which was also backed by Khosla Ventures and Jaguar Land-Rover and Chevron tech investment funds. The Palo Alto, California-based company, spun out of online university Udacity in 2017, has raised a total of $52 million to date.

That’s a fraction of the billions of dollars invested in R&D by Alphabet Inc.’s Waymo, General Motors’ Cruise and Uber, but Voyage has been building up real-world experience ferrying riders in low-speed autonomous vehicles for two years in programs at The Villages retirement communities in San Jose and central Florida, near Orlando. That particular niche market aligns with where the technology is at the moment, Cameron says.