Wayve Secures $1.2 Billion. Aims to Accelerate Robotaxi and Collaboration with Automakers

British autonomous driving start-up Wayve has raised $1.2 billion USD (CZK 24.6 billion) from investors. The capital will be used to expand robotic taxi services and collaborate with global automakers in developing assistance systems. The company’s valuation has increased to $8.6 billion.

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Strong Support from Global Players

Investors include automakers Mercedes-Benz, Stellantis and Nissan, as well as Uber. Including additional investments from Uber tied to milestone achievements, the company has secured up to $1.5 billion in this funding round. Funds were also provided by Nvidia, Microsoft, and other institutional investors. In total, Wayve has now raised $2.8 billion.

Chief Executive Officer Alex Kendall stated that the company still has the majority of funds from the previous investment round in 2024, which was led by SoftBank Group and in which Wayve raised $1.05 billion. According to him, the company has sufficient capital not only to launch products to market, but also to fund operations long-term over the coming decades.

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Robotaxi Worldwide and IPO Ambitions

The news of the new funding comes at a time of renewed investor interest in autonomous vehicles. Wayve plans to deploy robotaxi services this year in collaboration with Uber in ten cities around the world, with the first service launched in London. Uber has also stated that it aims to operate robotaxi services in up to 15 cities by year-end, including Madrid, Hong Kong, Houston, and Zurich. In the area of assistance systems, Wayve collaborates with companies such as Nissan, which plans to introduce the technology in Japan in fiscal year 2027, as well as with Mercedes and Stellantis.

The company’s long-term goal remains an initial public offering of shares (IPO). According to Kendall, however, the company must first achieve a number of technological and commercial milestones before seriously considering a stock market debut.

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Source: ČTK

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