Waymo's valuation soars to $126 billion as it gears up for robotaxi expansion.
Google spinoff Waymo has secured a whopping $16 billion investment, catapulting the autonomous driving pioneer to a staggering valuation of nearly three times its 2024 estimate of $45 billion. Co-CEOs Tekedra Mawakana and Dmitri Dolgov expressed optimism about the fresh influx of capital, saying it will enable them to accelerate their robotaxi expansion plans with "unprecedented velocity."
Waymo, currently operating robotaxis at scale on public roads in five US cities - Austin, Phoenix, Atlanta, Los Angeles, and San Francisco - has been rapidly expanding its service. The company recently added Miami as its sixth city, with over 400,000 weekly rides under its belt. Waymo's technology is set to be integrated into vehicles from Chinese EV brand Zeekr, Hyundai, and Toyota, bolstering its fleet.
Last year, Waymo's vehicles completed an impressive 15 million rides, bringing the total since inception to over 20 million. The company has made significant strides in demonstrating industry-leading safety standards, with its cars leading to 90% fewer serious injury crashes than average human drivers over their 127 million miles of autonomous operation.
Despite some safety concerns, including two fatal crashes and a recent incident involving a struck child, Waymo remains committed to its mission. The company's co-CEOs tout the potential of robotaxis to capture up to 85% of trips currently operated by traditional ride-hailing or taxi operations in large markets.
Waymo faces intense competition from Big Tech and startups, including Elon Musk's Tesla and Amazon subsidiary Zoox. However, with its valuation now over $126 billion, Waymo is firmly at the forefront of autonomous mobility at scale. The company's co-CEOs believe that the age of autonomous mobility has arrived, and they are leading the way.
As Waymo gears up for a new decade of expansion, it will be watching closely to see how its technology integrates into daily life. With a growing fleet and increasing valuation, the stage is set for Waymo to solidify its position as a leader in the autonomous driving space.
Google spinoff Waymo has secured a whopping $16 billion investment, catapulting the autonomous driving pioneer to a staggering valuation of nearly three times its 2024 estimate of $45 billion. Co-CEOs Tekedra Mawakana and Dmitri Dolgov expressed optimism about the fresh influx of capital, saying it will enable them to accelerate their robotaxi expansion plans with "unprecedented velocity."
Waymo, currently operating robotaxis at scale on public roads in five US cities - Austin, Phoenix, Atlanta, Los Angeles, and San Francisco - has been rapidly expanding its service. The company recently added Miami as its sixth city, with over 400,000 weekly rides under its belt. Waymo's technology is set to be integrated into vehicles from Chinese EV brand Zeekr, Hyundai, and Toyota, bolstering its fleet.
Last year, Waymo's vehicles completed an impressive 15 million rides, bringing the total since inception to over 20 million. The company has made significant strides in demonstrating industry-leading safety standards, with its cars leading to 90% fewer serious injury crashes than average human drivers over their 127 million miles of autonomous operation.
Despite some safety concerns, including two fatal crashes and a recent incident involving a struck child, Waymo remains committed to its mission. The company's co-CEOs tout the potential of robotaxis to capture up to 85% of trips currently operated by traditional ride-hailing or taxi operations in large markets.
Waymo faces intense competition from Big Tech and startups, including Elon Musk's Tesla and Amazon subsidiary Zoox. However, with its valuation now over $126 billion, Waymo is firmly at the forefront of autonomous mobility at scale. The company's co-CEOs believe that the age of autonomous mobility has arrived, and they are leading the way.
As Waymo gears up for a new decade of expansion, it will be watching closely to see how its technology integrates into daily life. With a growing fleet and increasing valuation, the stage is set for Waymo to solidify its position as a leader in the autonomous driving space.
it's crazy to think that their robotaxi service is going to capture like 85% of trips in large markets! I've been using their service in SF and LA and it's honestly gotten way better with each passing month, the tech is smooth and reliable. I'm not surprised they're valuing at $126 billion tho, they're definitely pushing the boundaries of what's possible with autonomous driving 
I just hope we'll see more cities like Miami get added to their service soon, would love to ride in a robotaxi during my next vacation 
$126 billion?! That's just mind-blowing! I don't know how they're gonna spend all that cash, but if it means getting their robotaxis on the roads ASAP, I'm all for it. 90% fewer serious injury crashes is insane - Waymo's definitely doing something right with their tech. But at the same time, safety concerns like those fatal crashes and child incidents have to be taken seriously... it's a double-edged sword, you know? 
! They're really accelerating their robotaxi expansion plans now and it'll be interesting to see how their tech integrates into daily life 
! But at the same time, those fatal crashes have raised some concerns 
. Still, Waymo seems committed to its mission and I think they're gonna dominate the autonomous mobility space in no time 
. Tesla and Zoox are definitely competition, but with that valuation of over $126 billion, Waymo's the one leading the charge 
!
it's like they're basically creating their own economy around robotaxis now. And you know what's wild, if they can make self-driving cars safe enough for families to ride together, that could be HUGE 
. Like, what’s next? They're gonna make cars that drive themselves to your house 
.
! I think it's awesome how they're pushing forward with robotaxi expansion 
. It's crazy how fast they've grown, now offering rides over 400k times a week in just 6 cities 
. And integrating their tech into major EV brands like Zeekr, Hyundai, and Toyota is huge 
. Safety records are impressive too - 90% fewer serious injury crashes than human drivers? That's some next-level innovation 
! Waymo's co-CEOs seem confident they can capture up to 85% of trips in large markets 
. Competition from Big Tech and startups is fierce, but with that kind of valuation, they're definitely leading the way 
. And what about safety concerns? Two fatal crashes, really? That's not exactly reassuring... 
Still, I think Waymo's got this one in the bag - they're pushing the boundaries of tech and innovation. But we should be watching closely to see how this all plays out... 
I gotta say, $126 billion is straight up insane! 
Like, what even is that kind of money?! 
. But seriously, 90% fewer serious injury crashes than human drivers? 
That's a win-win for everyone! 
. The numbers are mind-blowing - 15 million rides last year is crazy! 
.
can't believe how fast they're expanding their robotaxi services now, with 6 cities and over 400k weekly rides... it's crazy to think about how much safety data they've collected too - 90% fewer serious injury crashes than human drivers? that's mindblowing 
. They're leadin' the way in autonomous mobility at scale, for sure 
. But if they can iron those out, Waymo's potential to revolutionize transportation could be huge 
️. It's fascinating to see how their technology is being integrated into vehicles from reputable brands like Zeekr, Hyundai, and Toyota 
. Their impressive track record of 90% fewer serious injury crashes than human drivers over 127 million miles of autonomous operation speaks volumes about their dedication to safety and innovation 
.