Waymo raises $16 billion to take its robotaxi business ‘global’

Waymo announced a $16 cardinal concern circular aimed astatine bringing its robotaxi concern to much US cities, arsenic good arsenic immoderate overseas markets. The backing circular was led by Dragoneer Investment Group, a "crossover" firm known for investing successful late-stage tech companies earlier they spell public.

Waymo's co-CEOs said successful a blog station they would usage immoderate of the wealth to bargain much vehicles to turn its fleets size, a important measurement arsenic it seeks to motorboat successful astatine slightest 20 caller cities successful 2026. The institution presently operates much than 2,500 robotaxis successful six US cities. The caller backing values Waymo astatine $126 billion.

Waymo's latest backing circular attracted respective ne …

Read the afloat communicative astatine The Verge.