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Waymo reportedly plans fivefold fleet expansion to 20,000 by end of next year
Waymo plans to expand its autonomous vehicle fleet from 4,000 to 8,000 by this year’s end and 20,000 by the end of next year, Semafor reported, citing people familiar with the matter. The Alphabet subsidiary secured a $5 billion loan earlier this month and said the money would fund expansion in the US and overseas.
Source published: Brief prepared:
What to know
- 01
Waymo currently operates in 15 US cities.
- 02
The company has announced plans to launch autonomous ride services in London, Tokyo, Singapore and Canada.
Why it matters
The reported fleet targets relate to Waymo’s stated plans to expand its business in the US and overseas.
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