Waymo raises $16 billion to take its robotaxi business ‘worldwide’.

. The company currently operates more than 2,500 robotaxis in six US cities.
Waymo’s co-CEOs said in a blog post they would use some of the money to buy more vehicles to grow its fleets size, a crucial step as it seeks to launch in at least 20 new cities in 2026. The funding round was led by Dragoneer Investment Group, a “crossover” firm known for investing in late-stage tech companies before they go public. Waymo announced a $16 billion investment round aimed at bringing its robotaxi business to more US cities, as well as some overseas financial markets.