Waymo aims to raise 16 billion dollars to expand autonomous vehicle services

Sunday 01 - 14:40

By: Sahili Aya

Waymo aims to raise 16 billion dollars to expand autonomous vehicle services

Waymo, the global leader in self-driving technology and a subsidiary of Alphabet, is preparing a new funding round to raise approximately $16 billion, potentially valuing the company at nearly $110 billion. Alphabet is expected to contribute around $13 billion, with the remainder coming from investors including Sequoia Capital, DST Global, and Dragoneer Investment Group.

The company operates the only commercial robotaxi service in the United States without onboard safety drivers or attendants, with a fleet of over 2,500 vehicles. So far, Waymo has completed more than 20 million rides, emphasizing operational safety and technological leadership as it seeks to meet growing demand for autonomous mobility.

Waymo is also exploring its first European expansion, working with partners to launch robotaxis in London this year. The move highlights the accelerating global race to commercialize fully autonomous vehicles, with major players focusing on safety, technological advancement, and regulatory compliance.

Despite progress, safety remains a priority: the U.S. National Highway Traffic Safety Administration has opened an investigation after a Waymo vehicle injured a child near a Santa Monica elementary school last week. The child sustained minor injuries.