5 days ago
British robotaxi startup Wayve announced on Wednesday it had raised $1.5 billion in fresh funding to bolster its global operations, pushing the Microsoft and Nvidia-backed company’s valuation to $8.6 billion.
The funding round was led by Eclipse, Balderton, and SoftBank’s (OTC:SFTBY) Vision Fund 2, with fresh participation from Ontario Teachers' Pension Plan, Baillie Gifford, British Business Bank, Icehouse Ventures, Schroders Capital, and several other global institutional investors.
The round also saw participation from tech behemoths like Microsoft Corporation (NASDAQ:MSFT), Nvidia Corporation (NASDAQ:NVDA), and leading automakers such as Mercedes-Benz, Nissan Motor Co., Ltd. (OTC:NSANY), and Stellantis N.V. (NYSE:STLA).
The funding round also includes additional capital from Uber Technologies Inc. (NYSE:UBER), linked to the global rollout of Wayve-powered robotaxis. The companies plan to launch autonomous vehicles on Uber's app in more than 10 markets, beginning with London this year, joining robotaxis from China’s Baidu
