US EditionRobotaxi pioneer Waymo gets $16 billion injection to accelerate its expansion plans
Waymo’s $16 billion funding round values the company at $126 billion and supports plans to expand robotaxi services from 6 to over 20 cities globally, including London and Tokyo.
- On Monday, Waymo raised $16 billion, which was led by Alphabet Inc, valuing the company at $126 billion to expand its robotaxi fleet.
- Investor demand grew as Waymo evolved from a Google 'moonshot' 17 years ago, with analysts valuing Waymo at about $30 billion five years ago.
- Waymo plans to use the cash to expand beyond the six metropolitan areas where its robotaxis already give rides and is gearing up to enter more than 20 other cities, including London and Tokyo, with more than 400,000 weekly rides.
- Regulators and communities flagged safety problems after incidents, including last year in San Francisco when a Waymo robotaxi killed a 9-year-old cat and stalled during a blackout.
- The funding raises IPO and spinoff questions for Waymo and Alphabet Inc, which has a nearly $4.2 trillion market value, and Waymo said in a blog post, `We are positioned to move forward with unprecedented velocity, while maintaining our industry-leading safety standards.
94 Articles
94 Articles
Waymo Valued at $126B as Co-CEOs Accelerate Robotaxi Expansion
Waymo, a leader in autonomous driving, has secured $16 billion in fresh funding, valuing the company at a whopping $126 billion—nearly three times its most recent valuation of $45 billion in 2024. “This infusion of capital will ensure we are positioned to move forward with unprecedented velocity,” Waymo’s co-CEOs Tekedra Mawakana and Dmitri Dolgov said in a joint blog post yesterday (Feb. 2). Waymo was spun out of Google in 2016 and now operates…
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Waymo Attacks Tesla With $16 Billion Bank Account
No matter what people say, only two companies—Alphabet Inc.’s (NASDAQ: GOOGL) Waymo and Tesla Inc. (NASDAQ: TSLA)—are fighting for supremacy in the completely self-driving car industry. (This excludes China.) So, Waymo just put $16 billion into its war chest. By some measures, it already has a lead over its rival. 24/7 Wall St. Key Points A new $16 billion Waymo cash infusion is a threat to Tesla Inc.’s (NASDAQ: TSLA) plans for supremacy in th…
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