Thursday, September 18, 2025

Waymo Looks To Raise $4 Billion In Capital Despite Management Departures

Waymo, a subsidiary of Alphabet Inc, is planning on raising up to $4 billion in new capital to help propel its self-driving endeavours, despite ongoing concerns regarding a recent string of departures among its executive staff.

According to Bloomberg, which cited people familiar with the matter, Waymo is considering raising as much as $4 billion from outside investors, as well as eventually listing publicly. However, as Bloomberg notes, the self-driving company must first address a series of departures over the past several months, that may put the company’s long-term strategy into question.

Since the beginning of February, six executives have resigned from Waymo in rapid sequence, including the company’s CEO and CFO. Outgoing CEO John Krafcik’s departure surprised its parent company Alphabet the most, said the individuals, who asked not to be named given that the talks were private. The recent management departures come just as Alphabet has been cutting back spending on projects outside of Google, while Waymo faces increased criticism over not meeting previous commitments to bring its service to more cities or creating a commercial model.

Although Waymo spokesperson Suzanne Philion said that the company does not address “speculation or rumours,” Alphabet CEO Sundar Pichai has previously said that certain subsidiaries occasionally raise outside capital in order to gain broader industry expertise and corporate governance. In 2020, Waymo raised its first round of capital outside of Google’s Alphabet to the tune of $2.25 billion that was later expanded to $3.25 billion, which included investments from Silver Lake Management LLC, Canadian-based Magna International Inc, as well as the Canada Pension Plan Investment Board.

It just signals that developing this technology continues to be capital intensive,” commented PitchBook senior analyst Asad Hussain on Waymo’s latest fundraising efforts. “The enthusiasm may be greater outside its parent company than inside.”


Information for this briefing was found via Bloomberg. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Video Articles

2026 Could Be Gold’s Biggest Year Yet!? | Ryan King – Equinox Gold

Gold Is Screaming Higher While Currencies Burn | Simon Ridgway – Rackla Metals

We Have the Highest-Grade Antimony Deposit in North America!? | Jim Atkinson -Antimony Resources

Recommended

Canadian Copper Secures $8 Million Lead Order From Ocean Partners As Part Of Larger Funding Round

Northern Superior Expands Philibert With 350 Metre Step Out Testing 1.10 g/t Gold Over 25.5 Metres

Related News

General Motors Plans to Produce Only Zero-Emission Vehicles by 2035

Following California’s recently introduced legislation that will ban the sale of new combustion engine vehicles...

Thursday, January 28, 2021, 04:24:48 PM

General Motors Mulls Stake In Brazilian Nickel Miner Vale

General Motors (NYSE: GM) has considered purchasing a stake in Brazilian miner Vale SA’s base...

Thursday, February 9, 2023, 12:52:00 PM

A Waymo Robotaxi Was Set On Fire In San Francisco

A Waymo self-driving vehicle was set on fire in San Francisco’s Chinatown district on the...

Monday, February 12, 2024, 12:04:00 PM

Waymo Set To Go Fully Autonomous In San Francisco

Alphabet Inc’s (Nasdaq: GOOGL) self-driving platform Waymo said on Monday that it is ready to...

Wednesday, March 23, 2022, 02:21:00 PM

General Motors Is Still Not Confident That LG Can Make Defect-Free Batteries For The Bolt EV

Remarkably, General Motors Company (NYSE: GM) has not yet started making the necessary repairs on...

Tuesday, September 14, 2021, 12:43:00 PM