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Waymo secures $16 billion in a recent funding round to expand its autonomous ride-hailing service into Munich, Germany by 2027, marking a significant step in their global strategy.
PRIVATEAug 26, 2026•about 10 hours ago
Amount Raised
$16 Billion
Round Type
Venture - Series Unknown
Description
Waymo has announced its plans to launch its robotaxi services in Munich, indicating a major expansion into the European market. This move exemplifies the company's strategy for international growth beyond its US operations. The funding will support initial operations, including mapping streets for future autonomous services. Waymo aims to offer fully driverless commercial services by late 2027.
Company Information
Company
Waymo
About
The funds from the round, which included more than 10 participants, will be used for advancing Waymo Driver, the company's autonomous driving technology, and to grow Waymo's team, the company said. According to investor website PitchBook, the company is valued at just over $30 billion. Waymo is the first to self-operate a fully autonomous, public ride-hailing service, Waymo One.
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