Wayve Bags $1.2B to Bring Robotaxis to London
London's self-driving startup Wayve lands massive Series D with major automakers backing its autonomous ambitions.
Wayve just pulled in a jaw-dropping $1.2 billion Series D, catapulting the London-based self-driving startup to an $8.6 billion post-money valuation. Not bad for a company that hasn't put a single robotaxi on the street yet.
The investor list reads like an automotive industry summit. Mercedes-Benz, Stellantis, and Nissan all wrote checks, signaling that legacy carmakers are placing serious bets on Wayve's autonomous driving tech rather than building it all in-house.
The capital infusion comes as Wayve gears up to launch a robotaxi service in London this year. That's a bold move in a city notorious for narrow streets, aggressive cyclists, and roundabouts that confuse even human drivers.
With $1.2 billion in fresh ammunition, Wayve is now one of Europe's most well-funded autonomous driving plays. The race for driverless dominance just got a new heavyweight contender.