Led by Alphabet @Waymo Raises USD 5.6 billion
Last week Waymo LLC, formerly known as the Google Self-Driving Car Project, closed an oversubscribed investment round of USD 5.6 billion, led by Alphabet.
There was also continued participation from Andreessen Horowitz, Fidelity, Perry Creek, Silver Lake, Tiger Global, and T. Rowe Price.
“Customers love Waymo. The company has built the safest product in the autonomous vehicle ecosystem as well as the best,” said Chase Coleman, Founder of Tiger Global. “Their proven experience fostering rider loyalty, securing key partnerships, and collaborating with automotive industry leaders demonstrates their ability to balance ambitious goals with responsible execution, positioning them as the enduring leader in the space.”
This year Waymo has expanded its Waymo One service areas in San Francisco, Los Angeles, and Phoenix, including providing curbside service at Sky Harbor International Airport. Through their expanded partnership with Uber in Austin and Atlanta, they’ll begin to serve riders in those cities in 2025 and to create an even more useful experience, they’ve begun fully autonomous freeway operations in Phoenix and San Francisco.
All in all they have been providing 100,000+ paid weekly trips – a tenfold increase from last year.
Categories: Scuttlebut
