Waymo Accelerates Expansion with $5.6 Billion Series C Round, Shifts Focus to Robotaxis

Waymo, the autonomous vehicle arm of Alphabet, has announced the closure of a $5.6 billion Series C funding round, strengthening its capacity to expand its robotaxi services and develop autonomous solutions for business applications. This funding round, led by Alphabet, includes substantial backing from top Silicon Valley venture firms such as Andreessen Horowitz, Silver Lake, Fidelity, Tiger Global, Perry Creek, and T. Rowe Price.

This marks Waymo’s first major funding round since 2020 when it raised $2.25 billion in a Series B round that later grew to $3.2 billion. The company has redirected its strategic focus significantly since then. Originally working on both autonomous ride-hailing and trucking, Waymo has since pulled back on trucking to concentrate nearly all efforts on its robotaxi service—a bet that is paying off.

Waymo now operates its commercial robotaxi service in San Francisco, Los Angeles, and Phoenix, with expansions underway in Austin and Atlanta. It serves over 100,000 customers weekly across its current service areas, even offering airport transport in Phoenix and operating along highways in the Phoenix and San Francisco regions.

The fresh capital injection will support Waymo’s continued expansion into new cities and markets while enhancing its technological capabilities, positioning it as a frontrunner in the future of autonomous mobility.