Ford announced Thursday it will invest $2 billion in California-based startup Lumium, the first time the automaker has invested in a California startup in more than five years.
The investment, which will come in two installments, comes on the heels of Ford’s purchase of another startup called Carradice, which was acquired by a rival automaker.
Ford is investing $2bn to build and deploy an automated vehicle fleet in California and plans to employ more than 10,000 people in the state by 2020.
The company has been investing heavily in the U.S. and Canada in recent years, with more than $2 trillion in investments over the past five years, according to the company.
The company is also spending billions of dollars in research and development to bring its autonomous vehicles to market, including $1.6 billion to build a $5.8 billion autonomous truck, a $1 billion investment to build autonomous cars and $800 million to build driver assistance systems.