TLDR Tech / News
Waymo secures $5B loan for robotaxi service expansion
Alphabet's subsidiary, Waymo, has obtained $5 billion in debt financing from investors including PIMCO, Blackstone, and Sixth Street to support the growth of its commercial robotaxi operations. The company intends to broaden its services in current markets and enter new ones across the U.S., Europe, and Japan. Prior to this, Waymo's expansion was funded solely by Alphabet and outside equity investments, such as a $16 billion funding round earlier this year.
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