Story perspectives

Waymo Raises $16 Billion, Targets Global Expansion and Trust

3/16/2026

Summary

Story summary

Waymo LLC, Alphabet Inc.'s self-driving unit, raised about $16 billion to a roughly $126 billion valuation.
Expansion includes service growth across the United States and plans to enter international markets.
Tekedra Mawakana, Waymo Co-Chief Executive Officer, says Waymo must earn public trust after past incidents, including a child who was struck but walked away unharmed.
Waymo aims to serve one million rides weekly by year-end, reflecting aggressive growth.

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Story summary

Waymo LLC, Alphabet Inc.'s self-driving unit, raised about $16 billion to a roughly $126 billion valuation.
Expansion includes service growth across the United States and plans to enter international markets.
Tekedra Mawakana, Waymo Co-Chief Executive Officer, says Waymo must earn public trust after past incidents, including a child who was struck but walked away unharmed.
Waymo aims to serve one million rides weekly by year-end, reflecting aggressive growth.