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Stock impact report

Wayve raises $1.2bn in Series D funding for global autonomous vehicle rollout [Yahoo! Finance]

Uber Technologies, Inc. (UBER) 
Last uber technologies, inc. earnings: 2/6 04:05 pm Check Earnings Report
Company Research Source: Yahoo! Finance
The investment brings the company's total capital secured to $1.5bn and increases its post-money valuation to $8.6bn. Eclipse, Balderton, and SoftBank Vision Fund 2 led the round, with new participation from Ontario Teachers' Pension Plan, Baillie Gifford, British Business Bank, Icehouse Ventures, Schroders Capital and other global investors. Microsoft, NVIDIA, and Uber, along with automotive manufacturers like Mercedes-Benz, Nissan, and Stellantis, have also contributed to this initiative. The funding will help Wayve transition from research to the commercial deployment of its comprehensive AI platform for autonomous vehicles. Wayve aims to launch commercial robotaxi trials with Uber in London by 2026 and plans to expand services to more than ten international markets. From 2027, automakers are expected to offer passenger vehicles equipped with Wayve's AI Driver system for supervised autonomy. Wayve licenses its AI Driver technology directly to car manufacturers, allowin Show less Read more
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