Waymo is more expensive Tesla and Uber. Guess why?
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The Division of the Alphabet, which is self — governing transport- Waymo — can attract capital from the outside for the first time. In this case, the value of the company will be "several times larger" Cruise, similar to the branches of General Motors, which estimated about $ 15 billion. As writes TechCrunch, with reference to The Information, Waymo did not respond to a request for comment.
How much Waymo
Waymo, which this year celebrates its tenth anniversary, needs a large amount of money. Raising capital from external investors, which promoted chief financial officer Ruth Porat, will help to keep costs down and for the first time will show the rating Waymo for several years. Alphabet, however, does not want to give too much stake in your business.
A few years ago Waymo was estimated at $ 4.5 billion, although analysts say it could exceed $ 175 billion, based on projections of future income. Go back and reread that line. For comparison, the estimate of even $ 100 billion will put Waymo significantly ahead of Uber, Tesla, GM and Ford.
Google currently possesses a market capitalization of 817 billion dollars, can afford to support Waymo. However, this is not the first case when the search engine is looking for third-party investors willing to invest in her an incredible adventure, instead of to develop new business on their own capital. As Verily, owned by Google, the organization of research in the field of life Sciences, and Makani, a wind power unit, as published from shares sold Silver Lake and Shell.
Cruise, for its part, has also attracted outside capital since its acquisition by GM in 2016, 581 billion dollars. In mid-2018 Vision Fund have invested an estimated 2.25 billion dollars in a Cruise, almost giving SoftBank a 20 percent stake in a private business GM.
theWhat does Waymo?
Waymo became a separate business in 2016 and today is under the management of CEO John Krafcik, Porat and technical Director Dmitry Dolgov. The company hit the headlines late last year when he launched One Waymo, commercial service, robotaxi in the Phoenix area — first profitable endeavor. Waymo recently announced that it will sell its own light sensors and range finders, that is, LiDAR, companies outside the industry Autonomous vehicle that will bring her money.
It is estimated that in 2030 revenue Waymo could reach 114 billion.
Well, everything goes to the fact that competition in the market of self-driving cars will be awesome. Not so long ago we wrote about the fact that Amazon has invested in a startup self-driving cars created by natives of Uber, Tesla and Waymo. Attachment was also good — around half a billion dollars — but it's nothing compared to the potential assessment of Waymo. How do you think, does this start potential for $ 175 billion? Tell us .
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