Waymo Secures $5.6 Billion to Expand Robotaxi Service

The funding, led by Alphabet, will support Waymo's expansion into Austin and Atlanta, enhancing its autonomous ride-hailing capabilities.

Waymo's latest funding round was oversubscribed, raising $5.6 billion with significant contributions from Alphabet and other major investors.
The funds will be used to expand Waymo's robotaxi operations to Austin, Texas, and Atlanta, Georgia, in partnership with Uber.
Waymo currently operates in San Francisco, Los Angeles, and Phoenix, providing over 100,000 paid rides weekly.
The company plans to advance its Waymo Driver technology to support a variety of business applications.
Despite competition from companies like Tesla and GM's Cruise, Waymo leads the U.S. market in commercial robotaxi services.