Waymo’s Self-Driving Tech Could Get Another $5B from Alphabet

Waymo, the self-driving taxi company backed by Google's parent company, Alphabet, claims to provide more than 50,000 rides a week in its coverage area. Now, a promise of more investment from Alphabet could help expand that number.

In an earnings call on Tuesday, Alphabet committed to a multi-year investment of $5B, a fact shared by Waymo's CEO Tekedra N Mawakana on X. "Alphabet has committed up to $5B to @Waymo. We are grateful for their immense vote of confidence in our team and recognizing the amazing progress we’ve made with our technology, product, and commercialization efforts," Mawakana posted.

Waymo recently expanded its coverage area by scaling available robotaxis to everyone in the San Fancisco area. According to the blog post announcing that expansion, "nearly 300,000 people, including those who live, work, and visit San Francisco, have signed up to ride with Waymo," since the waiting list was first opened there.

As for how the investment from Alphabet will be used, that same blog post might provide a little insight—though details are scarce—"We’re committed to growing our service gradually and responsibly. We work closely with city and state officials, first responders, and advocates for road safety to ensure our service helps local communities gain access to reliable, safe, environmentally friendly transportation and has a positive impact on mobility."