Feb. 15 at 3:00 PM
$GOOGL
Fresh off a
$16 billion funding round, Waymo is putting its new cash influx to work. The company is reportedly in discussions with Hyundai to secure 50,000 IONIQ 5 autonomous vehicles by 2028 in a deal valued at roughly
$2.5 billion.
If completed, this would be the largest single order of robotaxis in history. Waymo has effectively thrown down the gauntlet, putting everyone (including Uber) on notice that Alphabet plans to scale Waymo into a major global business, one large enough to materially impact its earnings.
With plans to add over 20 cities globally and a focus on cost with the 6th-Generation Driver, Waymo clearly needed vehicles, and Hyundai appears to be the partner that will finally enable Waymo to truly scale.
https://roadtoautonomy.beehiiv.com/p/waymo-went-big