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Autonomous Mobility: Waymo Accelerates Expansion in Competition with Tesla
In the race to capture the market for driverless robotaxis, Waymo has substantially expanded its financial footing. The Alphabet group-owned company raised $16 billion in a recent financing round and was valued at a total of $126 billion.
According to the company, the capital should be used mainly for an accelerated expansion of autonomous ride services. Waymo currently operates robotaxis without safety drivers, which complete more than 400,000 paid rides per week. The service is available in six cities in the United States as well as in Silicon Valley.
In parallel, Waymo is advancing international testing of its technology. The company’s vehicles are already on test runs in London and Tokyo. Overall, Waymo's autonomous vehicles have logged 127 million miles to date.
By contrast, the competitor Tesla is still in an early phase. In the Texas city of Austin, only a few autonomous vehicles are in operation, which have so far been accompanied by supervisory personnel. Tesla is pursuing a different technological approach and relies exclusively on camera systems, while Waymo additionally uses laser radars and other sensors.
Experts doubt whether the camera-based approach provides adequate safety. However, if the strategy is successful, Tesla could benefit from significantly lower costs. (Source: dpa)
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