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Alphabet s Waymo raises $2 5 billion in first fresh fun
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Alphabet s Waymo Raises More Than $2 Billion In A Year
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Alphabet s Waymo raises $2 5 billion in first fresh funding in a year
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Viewpoint: The Race to Build Self-Driving Trucks Has Four Horses and Three Jockeys By Ira Boudway | May 3, 2021
Over the last five years, as it’s become clear that self-driving cars will take longer than expected to arrive on most American streets, some of the biggest players in the industry have turned their attention to long-haul trucking.
Alphabet Inc.’s autonomous vehicle unit Waymo, the leader in robo-taxis, launched its trucking division Via in 2017 after a handful of start-ups, including Otto, Starsky Robotics, and TuSimple Holdings Inc., had entered the field. Aurora Innovation Inc., one of Waymo’s most formidable competitors, recently decided to focus its efforts on bringing a trucking product to market before branching into ride-hailing. The logic behind the pivot is twofold: highways are easier to navigate than city streets and cargo is less demanding than human passengers.
Self-driving company Cruise has raised $2.75 billion in a new funding round that included companies like Walmart.
While specifics about the funding round, such as those companies that invested, are still thin on the ground, they boost the startup’s valuation to over $30 billion.
“We are focused on our path to commercialization right now but the IPOs happening in the space right now are a great indication of the strength of the industry and the opportunity self-driving presents,” a Cruise spokeswoman said in a statement to
“Cruise is executing a global strategy with the right partners,” added Brulte & Co consultancy president Grayson Brulte. “At the end of the day it will come down to who can cut the best deals which long-term generate revenue and profits.”