StartupsTechCrunchabout 2 hours ago
Waymo Secures $5 Billion Debt Financing
3 min read
Waymo, the autonomous vehicle unit of Alphabet, closed a $5 billion loan from lenders including PIMCO and Blackstone on Thursday. This debt financing marks the company's first such round, following a $16 billion equity raise in February that valued the firm at $126 billion. The funds support expansion into 15 markets and upcoming launches in London and Tokyo.
Level
Hype check
Tap to vote and see what everyone thinks.
In this storyGoogle
