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Waymo gets 5.6 billion to expand the autonomous laughing
The Alphabet unit aims to enhance services in the main American cities, facing fierce regulatory challenges and competitors
Isabella V

 

Waymo, the Autonomous Driving Unit of Alphabet, has obtained a financing of $ 5.6 billion to enhance its autonomous ride-Hailing service. With the support of prominent investors, the company aims to expand operations in new cities, however facing regulatory challenges and skepticisms.

Key points:

  • Waymo closes a 5.6 billion dollar financing round.
  • The investment is led by Google and includes participations in important investors.
  • The company aims to expand the Waymo One service in various US cities.
  • The competitive context includes similar initiatives from Tesla, Cruise and Zoox.

Waymo, the innovative alphabet autonomous guide division, has announced the completion of a 5.6 billion dollar financing round, a significant step in its expansion strategy of the autonomous ride-Hailing service, Waymo One. The operation was led by the Mother House Google and saw the participation of well -known investors, including Andreessen Horowitz, Fidelity, Perry Creek, Silver Lake, Tiger Global and T. Rowe Price. This loan is part of a context in which automotive and technological companies are intensifying their efforts to develop and market autonomous ride-hailing solutions, despite the challenges related to regulation and growing skepticism by the public. Thanks to this new capital, Waymo plans to accommodate a greater number of passengers in its service in the cities already served, such as San Francisco, Phoenix and Los Angeles, and to extend to Austin and Atlanta through a collaboration expanded with Uber. Alphabet had already planned to invest $ 5 billion in Waymo in a multi -year period, as highlighted by the CFO Ruth Porat. The company has already obtained permits to operate autonomous paid vehicles in California and has accumulated millions of kilometers of tests before receiving the approval of California Public Utilities Commission in 2022. The competition in the sector intensifies, with Tesla announces its intention To launch Ride-Hailing services without driver in California and Texas next year, and Cruise, part of General Motors, who is testing cars with human security drivers after dealing with safety-related problems. Zoox, Amazon’s initiative, is instead expanding its tests with vehicles designed without steering wheel and pedals. This dynamic and constantly evolving panorama highlights the importance of autonomous driving technology and its potential to transform the transport sector.

With the support of significant investments, Waymo is preparing to navigate in a competitive and complex market.