Toronto, Ontario — In today’s Tuesday Ticker, autonomous ride service Waymo marks US$11 billion in total capital raised following its latest investment round. Plus, Boyd Group Services sets the date for its Q3 2024 financial results.
Woohoo for Waymo
Self-driving robotaxi company Waymo has closed a US$5.6 billion funding round—the largest investment in the company’s history.
This Series C round now boosts Waymo’s total capital raised to US$11 billion.
This investment round was led by Google’s parent company, Alphabet, and included participation from investors Andreessen Horowitz, Fidelity, Silver Lake, and Tiger Global. With this investment, Waymo reportedly aims to accelerate the growth of its Waymo One robotaxi services. The service currently operates in Phoenix, Arizona and San Francisco and Los Angeles, California. Plans are also underway to expand it to Austin, Texas, and Atlanta, Georgia.
According to Waymo, Waymo One provides more than 100,000 trips weekly.
Boyd books results call
Boyd Group Services announced last week that it will release its fiscal 2024 third-quarter results on Nov. 5 before markets open.
The call, which begins at 9 a.m. ET next Tuesday will be hosted by Boyd Chief Executive Officer Tim O’Day; Executive Vice President and Chief Financial Officer Jeff Murray and Brian Kaner, president and chief operating officer.
Click here for more information.
The post Tuesday Ticker: Waymo earns US$5.6 billion in latest investment round; Boyd to release Q3 results Nov. 5 appeared first on Collision Repair Magazine.
