Waymo Takes Out a $5 Billion Loan to Fund Its Robotaxis
Trending Topics Jakob Steinschaden
Waymo closed its first major $5 billion loan to fund expansion of its driverless robotaxi service. The deal is led by PIMCO, Blackstone and Sixth Street with Goldman Sachs arranging it at an interest rate 5.25 percentage points above the benchmark. Waymo will use the debt alongside prior equity funding to scale operations in additional U.S. markets and expand into London and Tokyo.
Why it matters
Waymo is taking on debt for the first time: $5 billion from PIMCO, Blackstone and others to fund robotaxi expansion as far as London and Tokyo. Der Beitrag Waymo Takes Out a $5 Billion Loan to Fund Its Robotaxis erschien zuerst auf Trending Topics.
