What’s Next?

We will be utilizing this capital to ready our self-driving technology for commercialization, grow our team of self-driving experts, expand our fleet of G2 self-driving cars in California and Florida, and introduce our G3 self-driving car.

“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. We established the Future Energy Fund in 2018 with an initial commitment of $100 million to invest in breakthrough technologies that enable the ongoing energy transition. The fund looks for technologies that lower emissions and support low carbon value chains. Our investment in Voyage fits well within the objectives of the Future Energy Fund while also informing our perspective on the changing energy landscape.” – Barbara Burger, President of Chevron Technology Ventures

Readying Our Self-Driving Technology

Many residents within our communities don’t have access to transportation options that work for them. Our first driverless product (with no Test Driver) aims to ensure there’s always a viable option to move around independently within a community. We begin with a self-driving car that can travel point-to-point within our communities at speeds up to 25MPH.

We’ve been working for over two years on this driverless product, and progress has been rapid. Our vehicles intelligently and autonomously navigate the complex neighborhoods of our communities, and safely transport our passengers door-to-door. This capability has been enhanced by recent accomplishments of our engineers, such as transitioning to a safety-critical and certifiable middleware, shipping a brand new prediction engine with an over 10x performance improvement, and creating triple redundancy in our perception system. This capital will take us to the next level, enabling us to commercialize safe, self-driving technology within and outside these communities.

Here’s a video from our team showing just what our self-driving technology can do.

All driving is fully autonomous

As the state-of-the-art advances, we will advance our self-driving technology with more capabilities, such as faster speeds, enabling driverless in progressively more complex communities.