Wayve raises $1.2bn Series D to scale robotaxi plans
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Wayve raises $1.2bn Series D to scale robotaxi plans. GlobalData In this article: UK-based autonomous driving startup Wayve has secured $1.2bn in Series D funding at post-money valuation of $8.6bn. Including further "milestone-based capital" commitments from Uber, Wayve said the total funds raised in this round would be $1.5bn. The round was led by venture firms Eclipse, Balderton and SoftBank Vision Fund 2. Existing backers Microsoft, NVIDIA and Uber also participated, along with automotive partners Mercedes-Benz, Nissan and Stellantis. Additional investors include Ontario Teachers' Pension Plan, Baillie Gifford, British Business Bank, Icehouse Ventures and Schroders Capital. Wayve said the funding will support its shift from research-focused development towards scaled commercial rollout of its autonomous driving technology with global automotive and mobility partners. Uber and Wayve aim to introduce their first commercial robotaxi offering in London in 2026, followed by expansion into more than ten markets. Under the partnership, Wayve will provide its AI Driver software for Level 4-capable vehicles supplied by automaker partners, while Uber will manage fleet ownership and operations. Wayve said it plans to begin rolling out supervised autonomy software in consumer vehicles from 2027, initially delivering Level 2+ "hands-off" functionality. The company licenses...
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