Waymo, the autonomous driving unit of Alphabet (GOOGL) (GOOG), is reportedly in talks to raise more than $15 billion at a valuation approaching $100 billion in a financing round led by its parent company.
The maker of robotaxis has discussed raising billions in equity from external backers as well as Alphabet, Bloomberg News reported, citing sources familiar with the matter.
The parties have considered a valuation as high as $110 billion, though the final amount raised and valuation have not yet been determined.
The report comes as Waymo released its 2025 statistics, underscoring the explosive growth of the ride-hailing business and widening lead over competitors like Uber (UBER), Lyft (LYFT), Tesla (TSLA), and Zoox (AMZN).
For 2026, Waymo (GOOG) expects to begin autonomous ride-hailing in 20 additional cities, including Tokyo and London, and expand to additional airports besides San Jose Mineta, San Francisco International, and Miami International.