Tesla Rival Waymo Closes Oversubscribed Investment Round of USD 5.6 Billion Led by Google-Parent Alphabet in Bid To Compete With Robotaxi

Tesla rival Waymo announced the closure of its investment round with another USD 5.6 billion, led by owner Alphabet. The autonomous vehicle provider said that the significant investment would allow it to expand its reach across the United States. After securing the funds, Waymo currently offers services in cities like Los Angeles, San Francisco and Phoenix. The Alphabet-owned self-driving EV company would expand its reach to Austin and Atlanta by partnering with Uber. After Elon Musk’s Tesla introduced Robotaxi, the competition became fierce, and Waymo already had other competitors like Cruise and Wayve in the market. Tesla Q3 2024 Earnings: Elon Musk’s EV Company Sees 9% Profit Growth Amid Increased Production and Margins; Check Details.

Alphabet-Owned Waymo Closed Investment Round With USD 5.6 Billion

(SocialLY brings you all the latest breaking news, viral trends and information from social media world, including Twitter, Instagram and Youtube. The above post is embeded directly from the user’s social media account and LatestLY Staff may not have modified or edited the content body. The views and facts appearing in the social media post do not reflect the opinions of LatestLY, also LatestLY does not assume any responsibility or liability for the same.)

Read original article here

Denial of responsibility! Pioneer Newz is an automatic aggregator of the all world’s media. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If you are the owner of the content and do not want us to publish your materials, please contact us by email – [email protected]. The content will be deleted within 24 hours.

Leave a Comment