Waymo secures a $5 billion loan to fund robotaxi expansion
The $5 billion loan provides Waymo with financial flexibility to scale its robotaxi business as it expands into international markets and faces federal safety scrutiny.
• Waymo closed its first debt financing with a $5 billion loan from lenders including PIMCO and Blackstone.
• The Alphabet subsidiary will use the funds to scale its commercial robotaxi operations in the U.S., Europe, and Japan.
• Federal safety regulators are investigating Waymo following incidents involving school buses and a collision with a child.
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