Enlarge / Voyage operates low-speed self-driving taxis in two retirement communities. (credit: Voyage)
There’s near-universal agreement that Google spinoff Waymo is the leading company in the driverless-vehicle business. And Waymo’s strategy for developing fully driverless cars is very expensive. Before launching a commercial driverless car service, Waymo needs to convince itself—and the world—that its cars will be at least as safe as human drivers.
That has meant racking up millions of test miles on public roads, a process that has taken several years and cost Waymo well over $ 1 billion.
Waymo’s more established competitors—including Uber, GM’s Cruise, and the Ford-aligned Argo.ai—are pursuing a similar strategy. But a number of startups is also trying to build fully autonomous cars. And many of these companies simply don’t have the money it takes to follow Waymo’s lead. They need a different strategy—one that allows them to bring a product to market more quickly and at lower cost.
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