icon
icon
icon
icon
🏷️$300 Off
🏷️$300 Off

News /

Articles /

Waymo Expands Autonomous Taxi Service in LA Following Successful Rollouts

Word on the StreetTuesday, Nov 12, 2024 7:38 pm ET
1min read

Alphabet's autonomous taxi company, Waymo, has announced that its ride-hailing service, Waymo One, is now open to all users in Los Angeles. This marks the company's largest expansion to date and signifies a period of rapid growth for the business.

The company stated that since it began offering autonomous taxi services to the public in Los Angeles in March, nearly 300,000 people have joined its reservation list, indicating a strong demand for the service.

As time has passed, an increasing number of customers have experienced Waymo One services and have given them high ratings. Waymo claims that the latest survey shows that 98% of customers are satisfied with the service, and 96% find it useful.

It is reported that Waymo completed a round of financing worth $5.6 billion last month, valuing the company at over $45 billion. Despite facing strict regulatory scrutiny, both automakers and tech companies are heavily investing in autonomous driving technology, hoping for greater returns over the longer term.

Waymo opened its autonomous taxi service to all users in San Francisco in June and had already done so in Phoenix, Arizona, in 2020.

Tekedra Mawakana, co-CEO of Waymo, said: "We've seen tremendous growth and our riders are embracing the benefits of fully autonomous driving."

Mawakana claimed: "Now is an exciting time to welcome everyone in Los Angeles along for the ride. Our service has matured quickly and our riders are embracing the many benefits of fully autonomous driving. We're so grateful to all of our first riders in LA, and we can't wait to serve more riders soon."

In addition, Waymo revealed that the company provides over 150,000 paid services in the U.S. each week, a significant increase from the 100,000 in August.

Looking ahead, Waymo plans to continue expanding its service rapidly to cover more cities. Waymo stated that it will work closely with local community partners to achieve its mission of making roads safer and transportation more convenient.

At present, Waymo is the most dazzling autonomous taxi company in the U.S., leading the industry. Waymo currently has about 700 autonomous vehicles and operates the only commercial autonomous taxi service in the U.S. — Waymo One.

Tesla announced last month that its autonomous taxi, Cybercab, will be mass-produced in 2026, and the company will launch ride-hailing services in Texas and California in 2025, indicating that the competition in the autonomous taxi field is becoming increasingly fierce.

Comments

Add a public comment...
Post
User avatar and name identifying the post author
MIKE CHUE
12/22

I'm beyond ecstatic to share my incredible success story with you all! I invested on this platform on Facebook that has been managed by Susan J. Demirors and not only did I receive my profits successfully, but I was also able to achieve my long-held dreams!
Thanks to Susan J. Demirors I'm now a proud owner of a brand new car AND a beautiful house! I'm still in awe of how my life has changed for the better.
If you're looking for a reliable and trustworthy platform to grow your wealth and make your dreams a reality, I highly recommend Susan J. Demirors on Facebook and her WhatsApp +1(601)748-9430 to you. Don't wait, invest now and start building the life you deserve!

0
Reply
User avatar and name identifying the post author
Puginator
11/13
$GOOG 190 I've got faith in you!
0
Reply
User avatar and name identifying the post author
Euro347
11/13
Los Angeles residents can now hop in a robotaxi thanks to Waymo's latest expansion Waymo, the self-driving car subsidiary of Alphabet, has taken a major step in its expansion across the US by releasing its robotaxi service to anyone in Los Angeles. This represents the company's biggest rollout to date, covering almost 80 square miles of the city. Starting Tuesday, residents can use the Waymo One app to hail a self-driving taxi throughout the city, signalling a significant milestone for the company following the addition of over 300,000 names to the waitlist. This expansion makes Los Angeles the third major city to offer Waymo's robotaxi service, following Phoenix and San Francisco. The company's rapid growth can be attributed to a recent $5.6 billion funding round led by Alphabet, with contributions from top investment firms such as Andreessen Horowitz, Fidelity, and others. Currently, Waymo handles over 150,000 weekly rides across its markets, up from 100,000 in August. The company has also announced plans to launch in Austin, Texas, by 2025 and recently partnered with Hyundai to include the Ioniq 5 in its fleet, adding more vehicles equipped with custom sensors and AI "drivers" to its lineup.
0
Reply
User avatar and name identifying the post author
Tryingtodoit23
11/13
$GOOG seems to be headed for 190, based on the chart.
0
Reply
User avatar and name identifying the post author
ethereal3xp
11/13
This is just the beginning! Autonomous taxis will revolutionize transportation globally. Looking forward to seeing how Waymo's LA expansion influences other cities to adopt similar services.
0
Reply
User avatar and name identifying the post author
PancakeBreakfest
11/13
98% customer satisfaction? That's all well and good, but what about the 2% who aren't happy? Hope Waymo is actively addressing their concerns to ensure continuous improvement.
0
Reply
User avatar and name identifying the post author
Solarprobro4
11/13
As someone who's worked with autonomous tech, I'm impressed by Waymo's progress. However, we shouldn't overlook the regulatory challenges ahead. Hope they have a solid strategy in place.
0
Reply
User avatar and name identifying the post author
yodalr
11/13
Interesting to see how Waymo's expansion plays out in LA. However, with Tesla's Cybercab launching in 2026, the competition is about to heat up. Will be watching from the sidelines...
0
Reply
User avatar and name identifying the post author
_punter_
11/13
Finally, a game-changer for LA's traffic woes! Autonomous taxis could be the answer to our prayers. Waymo One, save me from traffic stress!
0
Reply
Disclaimer: The news articles available on this platform are generated in whole or in part by artificial intelligence and may not have been reviewed or fact checked by human editors. While we make reasonable efforts to ensure the quality and accuracy of the content, we make no representations or warranties, express or implied, as to the truthfulness, reliability, completeness, or timeliness of any information provided. It is your sole responsibility to independently verify any facts, statements, or claims prior to acting upon them. Ainvest Fintech Inc expressly disclaims all liability for any loss, damage, or harm arising from the use of or reliance on AI-generated content, including but not limited to direct, indirect, incidental, or consequential damages.
You Can Understand News Better with AI.
Whats the News impact on stock market?
Its impact is
fork
logo
AInvest
Aime Coplilot
Invest Smarter With AI Power.
Open App