Waymo Secures $5 Billion Debt Financing for Robotaxi Expansion
Alphabet-owned autonomous vehicle company Waymo has secured a $5 billion debt financing deal, arranged by Goldman Sachs and private credit providers. This marks the first time the company is using debt to fund its expansion rather than relying solely on equity. The funds will be used to scale up infrastructure for its robotaxi service, including purchasing vehicles, sensors, charging stations, and depots. Waymo previously raised $16 billion in equity earlier this year but has now opted for a cheaper financing option by taking out loans secured against physical assets. This strategic shift reflects the company's maturity as it moves toward more capital-efficient growth methods while expanding its autonomous ride-hailing operations across multiple markets.
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