Alphabet will invest another $5 billion in Waymo

Alphabet‘in CFO’su Ruth PoratAccording to what ‘s quoted; Alphabet, autonomous driving subsidiary Waymoof 5 billion dollars will invest more. The investment was announced by Porat yesterday during Alphabet’s second-quarter earnings report call. The investment in question is planned to cover several years.

According to Porat, this new investment is consistent with the recent annual investment levels. Thanks to this investment, Waymo will continue to establish the world’s leading autonomous driving technology company.

According to Porat’s statement; Alphabet will increase overall efficiency in the “other bets” segment. This segment includes innovative projects that differ from Google’s core search and advertising business. Companies in the segment include Verily, Calico, Google Ventures and Wing.

Alphabet and Google CEO Sundar Pichai also shared Waymo’s usage numbers. Waymo, per week 50 thousand He made a paid trip on it. The autonomous vehicle company, which recently started operating in Los Angeles and Austin, offers a fully driverless ride-hailing service in San Francisco and Phoenix.

Last month, Waymo opened its rides in San Francisco to all residents of the area, with the company eliminating the wait list. The company has taken its first steps to charge for rides in Los Angeles.

Waymo from past to present

While Google has been making intense efforts to develop autonomous driving technology, it started testing its autonomous vehicles on public roads for the first time in 2012. Google’s autonomous vehicle projects in 2016, Waymo It was turned into a separate company under the name This step was an important milestone for the commercialization and more focused development of autonomous vehicle technology.

Waymo launched a limited service in Phoenix, Arizona, in 2018. Waymo Onestarted . This service aimed to test the performance of the technology in real-world conditions by allowing users to travel in autonomous vehicles.

In March 2020, Waymo launched a new investment round led by Silver Lake, Canada Pension Plan Investment Board and Mubadala Investment Company. $2.25 billion received investment.

In December 2021, Waymo announced a strategic partnership with Chinese automaker Geely. announced. Within the scope of this partnership, Waymo Driver, an autonomous driving technology, will be integrated into Geely’s electric car brand Zeekr. Its aim is to enable Zeekr to reach a wider audience in the US market.

Waymo is expanding its driverless vehicle tests to San Francisco, USA, and offering taxi services. started. The company’s target is equipped with fifth-generation Waymo Driver technology Jaguar I-PaceCoverage area with its automobile fleet consisting of increase.

Waymo started its driverless taxi tests in Phoenix, USA, and gradually expanded its service area. Especially the 2.5 billion dollar investment made in June 2021 investment tour, was done to enable the development of Waymo Drive technology and expand the company’s operations. This investment round included Alphabet, Andreessen Horowitz, AutoNation, Canada Pension Plan Investment Board, Fidelity Management & Research Company, Magna International, Mubadala Investment Company, Perry Creek Capital, Silver Lake, T. Rowe Price Associates, Inc., Temasek and Tiger Global. Major investors such as participated. Waymo, 1 million miles or approximately 1,609,344 exceeded the kilometer barrier.