Robotaxi pioneer Waymo raises $16 billion to accelerate expansion plans

Robotaxi pioneer Waymo raises $16 billion to accelerate expansion plans

By MICHAEL LIEDTKE Robotaxi pioneer Waymo has raised another $16 billion to help fuel its ambition for its fleet of self-driving cars to provide rides throughout the world while other deep-pocketed rival services backed by Tesla and Amazon try to catch up. The fundraising announced Monday values Waymo at $126 billion. The appraisal underscores investors’ desire to own a piece of the rapidly expanding robotaxi market, as well as how far Waymo has…

When will Tesla give up on cars?

Thousands of miles behind Waymo, whose self-driving taxi cabs are so prolific as to have already entered into the realm of public nuisance, Tesla can't even tell the truth about its "Robotaxi." Musk recently promised investors that the Tesla self-driving taxi was entering "unsupervised" trials in Austin, Texas. — Read the rest The post When will Tesla give up on cars? appeared first on Boing Boing.

Waymo's World Domination Plans Just Got A $16 Billion Boost

Today on Critical Materials: Waymo gets $16 billion, SpaceX buys xAI and California's new EV tax credit starts to take shape.

Waymo Gets $16B Boost for Robotaxis Global Takeover

For a while, it seemed like self-driving cars were going to be the next big thing. Things on that front have quieted down a bit, but that doesn’t mean the tech is dead. In fact, Waymo wants to expand its business by bringing its robotaxi to global markets. Raising $16 billion in investment round Waymo has announced a $16 billion funding round that would help bring its robotaxi business not just to more US cities but to global markets as well. Ac…

Waymo’s $5.6 Billion War Chest Signals Autonomous Vehicle Industry’s High-Stakes Race for Dominance

The autonomous vehicle sector has entered a decisive phase, with Alphabet’s Waymo securing $5.6 billion in fresh capital that underscores both the technology’s immense promise and the staggering investment required to achieve scale. This massive funding round, one of the largest in autonomous vehicle history, positions Waymo to expand its robotaxi operations across multiple U.S. cities while competitors struggle to match its technological lead a…

Waymo Worth Way More Raises $16B with $126B Valuation

Waymo has raised a massive $16 billion investment round, valuing the autonomous driving company at $126 billion post-money and marking one of the largest private financings in the history of the mobility and artificial intelligence sectors. The round underscores growing investor conviction that fully autonomous transportation is moving beyond experimentation and into large-scale commercial deployment.