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Waymo Drives an Additional $750 million in Funding

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Waymo Drives an Additional $750 million in Funding

Alphabet's (NASDAQ: GOOGL)(NASDAQ: GOOG) self-driving vehicle business, Waymo, took a step to bolster its liquidity by raising an additional $750 million as an extension of its first external investment round of $2.25 billion, for a total of $3 billion.

The additional funding will enable the company to continue investing in its workforce, technology, and innovation, and weather the economic slowdown driven by COVID-19.

Image source: Waymo.

Source Fool.com

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