Waymo raises $16B to scale robotaxi fleet internationally
TechCrunch • • business
Key Points:
- Waymo has raised $16 billion in a funding round led by Dragoneer Investment Group, DST Global, and Sequoia Capital, valuing the company at $126 billion, with Alphabet remaining the majority investor.
- The funds will support Waymo's expansion of its driverless taxi fleet to over a dozen new international cities in 2026, including London and Tokyo.
- Waymo currently operates robotaxi services in six major U.S. metropolitan areas, providing 400,000 rides weekly and surpassing 20 million lifetime rides.
- The company accelerated growth after receiving a permit in California in 2023, expanding services in San Francisco, Los Angeles, Austin, Atlanta, and Miami, including partnerships with Uber.
