Waymo Closes a $5 Billion Term Loan — Its First-Ever Borrowing — to Take Robotaxis Global
Waymo is borrowing money for the first time — a sign that robotaxis are growing up.
On October 8, the Alphabet self-driving unit announced it had closed a $5 billion term loan, marking its first debt financing. In a company blog post, CFO Steve Fieler said the capital would support the expansion of Waymo's fully autonomous ride-hailing service across the U.S. and internationally, calling the loan "an important step in our evolution into a scaling commercial enterprise."
