Overview
- People familiar with the discussions say Alphabet would anchor the financing with additional outside investors, with terms still in flux and a close targeted early next year.
- Recent reports cite a valuation range near $100 billion and up to about $110 billion, reflecting Waymo’s expanded paid robotaxi operations and regulatory traction.
- Waymo reports roughly 450,000 weekly paid rides and 14 million trips in 2025, with paid service in five U.S. markets and activity across about 26 total markets.
- Proceeds are expected to support fleet growth, new city launches, and improvements to AI and sensor systems, strengthening operational resilience as competition intensifies.
- If completed, the raise would more than double Waymo’s October 2024 Series C of $5.6 billion at a $45 billion valuation, as Alphabet’s CEO projects meaningful contribution by 2027.