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Cruise President Kyle Vogt, left, with Oliver Cameron, CEO of Voyage. Photo: Cruise

Cruise, the San Francisco-based robotaxi company backed by GM and Honda, is buying Voyage, a competitor that's been testing self-driving vans in retirement communities.

Why it matters: The self-driving car industry is consolidating as access to capital becomes more difficult and the timeline for autonomous vehicles stretches further into the future. Only a handful of leaders in the trillion-dollar market are likely to remain.

  • Terms were not disclosed.

What they're saying: In a blog post announcing the deal, Voyage CEO Oliver Cameron, who will become vice president of product, praised Cruise's strengths.

  • "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 automaker partnerships, and all-electric, purpose-built vehicle with no human controls — is poised to be the clear leader. "
  • "Delivering self-driving technology is hard, but building a viable self-driving business is harder," Cameron said.
  • "Voyage is tightly aligned to our mission, and has a shared mindset around safety, accessibility, cost and convenience for customers. Their talented team is highly productive and resourceful, with direct experience in developing a full-stack AV solution that will help accelerate our efforts to build the world’s most advanced self-driving vehicles," a Cruise spokesperson said.

Go deeper

Updated 26 mins ago - Politics & Policy

Prosecutor to seek hate crime charges, death penalty in Atlanta shootings

In Hopkinton, Mass., the Rally & Run To Stop Asian Hate is held to show solidarity in the wake of deadly Atlanta shootings and to mourn the loss of eight lives including six Asian women. Photo: Jonathan Wiggs/The Boston Globe via Getty Images

Prosecutors unveiled murder charges against the white man accused of shooting and killing eight people, six of whom were Asian women, at Atlanta-area spas, AP reports.

Driving the news: A prosecutor filed notice that she plans to seek hate crime charges and the death penalty in the case. Two separate grand juries have now indicted the suspect on murder charges.

America's pandemic coin crunch returns

Illustration: Sarah Grillo/Axios

An early pandemic problem that plagued businesses is back: not enough change to go around.

Why it matters: The pandemic broke America's coin flow. It has repercussions for millions that rely on it for daily transactions.