Investor letter discloses rapid surge in Waymo’s robotaxi ride numbers
Waymo's Robotaxi Expansion: New Ride Numbers Revealed
Half a year ago, Waymo announced it was delivering 250,000 autonomous taxi rides each week throughout its expanding network, which spans cities such as Atlanta, Austin, Los Angeles, Phoenix, and the San Francisco Bay Area.
Since then, the Alphabet subsidiary has remained vague about its current ride volume, only mentioning that it completes several hundred thousand trips weekly. However, a recently leaked letter from Tiger Global Management to its investors—first reported by CNBC—has shed new light on Waymo's actual ride statistics.
The letter, intended to attract investment for Tiger Global’s upcoming venture capital fund, highlighted the successes of its existing portfolio, which includes major players like OpenAI, Databricks, and Waymo. According to the letter, Waymo is now facilitating 450,000 robotaxi rides every week—almost twice the figure it shared earlier this year.
This number is expected to climb as Waymo pursues an ambitious expansion plan. Currently operating commercial robotaxi services in five cities, the company has announced intentions to enter 12 more markets by 2026, with cities such as Dallas, Denver, Houston, Nashville, and San Diego on the list.
When asked for a statement, a representative from Waymo chose not to respond.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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