Google’s former autonomous vehicle project is borrowing money on its own for the first time. Waymo, which is developing autonomous ride-hailing vehicles and semis, will get the $2.25 billion from a group of investors. Analysts long have speculated that Google parent Alphabet (GOOGL)(GOOG) has plans to spin Waymo off as a public company at some point. Read More...
Alphabet’s self-driving unit Waymo raises $2.25 billion from investors
Google’s former autonomous vehicle project is borrowing money on its own for the first time. Waymo, which is developing autonomous ride-hailing vehicles and semis, will get the $2.25 billion from a group of investors. Analysts long have speculated that Google parent Alphabet (GOOGL)(GOOG) has plans to spin Waymo off as a public company at some point.
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