Close Menu
Fund Focus News
    Facebook X (Twitter) Instagram
    Trending
    • How to understand a property’s real value
    • Two New ETFs Let You Trade Like A Washington Insider – Forbes Advisor
    • Active management questioned as report reveals few funds outperformed passive options
    • Mayor Eric Adams once again denied public funds for NYC re-election bid while Mamdani, Sliwa granted millions
    • OPEC Turns The Output Tap On: What It Means For Oil ETFs – United States Brent Oil Fund, LP ETV (ARCA:BNO), SPDR S&P Global Natural Resources ETF (ARCA:GNR)
    • Mutual fund industry sees 7 times growth in 10 years; passive investing gains momentum: Motilal Oswal
    • How Ethereum Treasury Companies Beat Out ETFs: Standard Chartered
    • Active ETFs Are Booming in Europe. US Managers Want In
    Facebook X (Twitter) Instagram
    Fund Focus News
    • Home
    • Bonds
    • ETFs
    • Funds
    • Investments
    • Mutual Funds
    • Property Investments
    • SIP
    Fund Focus News
    Home»Funds»Waymo secures $5.6B in funding to expand to new cities in 2025
    Funds

    Waymo secures $5.6B in funding to expand to new cities in 2025

    October 25, 2024


    Waymo cities

    Robotaxi developer Waymo has closed an oversubscribed Series C funding round totaling $5.6 billion. Alongside an expanded partnership with Uber, the funds will help the rideshare company expand its Waymo-One robotaxi service throughout current and additional cities in the US.

    While some robotaxi networks are slowing down their expansion plans and OEMs like Tesla struggle to deliver genuine autonomy to the masses, Waymo has chugged along and continues progressing in the rideshare industry.

    In the past three months, Waymo has expanded its operations in cities like Los Angeles and San Francisco, announced plans to integrate IONIQ 5 BEVs into its fleet, and snagged Tesla’s head of vehicle programs.

    Part of Waymo’s success in development and expansion to new cities is the financial backing of parent company Alphabet Inc. (Google). This past June, Alphabet committed another $5 billion to be distributed over the next several years.

    Today, Waymo announced its Series C funding round closed at an oversubscribed amount of $5.6 billion, led, of course, by Alphabet, Inc.

    Waymo cities
    Source: Waymo

    Waymo flush with cash as its expands to cities like Atlanta

    The robotaxi network shared details of its successful funding round this morning, which included additional investments from Andreessen Horowitz, Fidelity, Perry Creek, Silver Lake, Tiger Global, and T. Rowe Price.

    Following its latest investment, the company said it would continue to expand its Waymo-One rideshare services around current cities like Los Angeles, San Francisco, and Phoenix. In 2025, the company also plans to expand robotaxi rides to Austin, Texas, and Atlanta, Georgia. The expansion of cities has resulted from an ongoing partnership between Waymo and Uber.

    The release also said the funds will be used to continue to develop Waymo Driver — its AI-powered autonomous driving system that will be utilized to “support a variety of business applications over time.” Silver Lake co-CEO Egon Durban elaborated:

    While AI is only just beginning to capture the public imagination, Waymo has been working to bring its endless possibilities to the world of physical transportation for years. The Waymo Driver leads in earning trust by safely actualizing the value and potential of AI through cutting-edge research, practical solutions, and a vastly expanding scope and scale of real world experience.

    This year, Waymo says it is averaging 100,000 paid weekly trips, a tenfold increase compared to 2023, and has begun fully autonomous freeway operations in Phoenix and San Francisco. Looking ahead, Waymo shared that it is already testing its system in cities with more complex environments, like Buffalo, New York, and Washington, D.C.

    FTC: We use income earning auto affiliate links. More.



    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Telegram Email

    Related Posts

    Mayor Eric Adams once again denied public funds for NYC re-election bid while Mamdani, Sliwa granted millions

    August 6, 2025

    NYC Mayor Adams denied $3M in matching funds as finance board calls his responses ‘misleading’

    August 6, 2025

    With nearly ₹67,000-crore unclaimed funds across banks, RBI proposes to streamline claim settlement process of deceased depositors

    August 6, 2025
    Leave A Reply Cancel Reply

    Top Posts

    How to understand a property’s real value

    August 6, 2025

    Qu’est-ce qu’un green bond ?

    December 7, 2017

    les cat’ bonds deviennent incontournables

    September 5, 2018

    ETF : définition et intérêt des trackers

    May 15, 2019
    Don't Miss
    Property Investments

    How to understand a property’s real value

    August 6, 2025

    Understanding value is at the core of smart property investment, from finance to planning, to…

    Two New ETFs Let You Trade Like A Washington Insider – Forbes Advisor

    August 6, 2025

    Active management questioned as report reveals few funds outperformed passive options

    August 6, 2025

    Mayor Eric Adams once again denied public funds for NYC re-election bid while Mamdani, Sliwa granted millions

    August 6, 2025
    Stay In Touch
    • Facebook
    • Twitter
    • Pinterest
    • Instagram
    • YouTube
    • Vimeo
    EDITOR'S PICK

    Filmmakers urge MUBI to sever ties with Sequoia over Israeli military tech investments linked to Gaza genocide

    July 31, 2025

    Barry Bonds Treated How He Should Be by Pirates’ Fans

    August 25, 2024

    Whaling Museum to host ‘Summer Sips Trivia Night’ Aug. 14

    July 30, 2024
    Our Picks

    How to understand a property’s real value

    August 6, 2025

    Two New ETFs Let You Trade Like A Washington Insider – Forbes Advisor

    August 6, 2025

    Active management questioned as report reveals few funds outperformed passive options

    August 6, 2025
    Most Popular

    ₹10,000 monthly SIP in this debt mutual fund has grown to over ₹70 lakh in 23 years

    June 13, 2025

    ₹1 lakh investment in these 2 ELSS mutual funds at launch would have grown to over ₹5 lakh. Check details

    April 25, 2025

    ZIG, BUZZ, NANC, and KRUZ

    October 11, 2024
    © 2025 Fund Focus News
    • Get In Touch
    • Privacy Policy
    • Terms and Conditions

    Type above and press Enter to search. Press Esc to cancel.