Waabi raises $1B and expands into robotaxis with Uber
Autonomous vehicle startup Waabi has raised $1 billion and struck a partnership with Uber to deploy self-driving cars on the ride-hailing platform — the company’s first expansion beyond autonomous trucking. The funding consists of an oversubscribed $750 million Series C round co-led by Khosla Ventures and G2 Venture Partners and roughly $250 million in milestone-based capital from Uber to support the deployment of 25,000 or more Waabi Driver-powered robotaxis exclusively on its platform. The companies did not provide a timeline for such a large-scale deployment. The partnership represents a bet that the startup’s AI technology can succeed where others have struggled – scaling across multiple self-driving verticals with a single technology stack. While competitors…
