"The deal, for $750 million up front plus another $250 million from Uber tied to deployment milestones, marks a major expansion into robotaxis for the company founded by former Uber AI chief Raquel Urtasun. It also feels like another chip from Uber on the autonomous vehicle roulette table. With more than 20 AV partners worldwide, the question isn't just whether Waabi can deliver on its plans to deploy over 25,000 robotaxis, but whether Uber's bet-on-everything strategy actually works."
"Self-driving truck startup Waabi's billion-dollar fundraise isn't just about trucks. Watch as Equity podcast hosts Kirsten Korosec, Sean O'Kane and Anthony Ha discussed Uber's AV partnership strategy, why Waabi's "simulation-first" approach might be different, and more of the week's headlines. Subscribe to Equity on YouTube, Apple Podcasts, Overcast, Spotify and all the casts. You also can follow Equity on X and Threads, at @EquityPod."
Waabi raised $750 million up front plus a potential $250 million from Uber tied to deployment milestones, creating a possible $1 billion investment. The funding marks an expansion from self-driving trucks into robotaxis. Waabi was founded by former Uber AI chief Raquel Urtasun and aims to deploy over 25,000 robotaxis. Uber partnerships span more than 20 autonomous vehicle companies worldwide. The deal highlights questions about the effectiveness of Uber's wide-ranging AV partnership strategy. Waabi emphasizes a "simulation-first" development approach that could differentiate its path to deployment.
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