Current:Home > MarketsWaymo’s robotaxis now open to anyone who wants a driverless ride in Los Angeles -Edge Finance Strategies
Waymo’s robotaxis now open to anyone who wants a driverless ride in Los Angeles
View
Date:2025-04-12 13:03:42
Waymo on Tuesday opened its robotaxi service to anyone who wants a ride around Los Angeles, marking another milestone in the evolution of self-driving car technology since the company began as a secret project at Google 15 years ago.
The expansion comes eight months after Waymo began offering rides in Los Angeles to a limited group of passengers chosen from a waiting list that had ballooned to more than 300,000 people. Now, anyone with the Waymo One smartphone app will be able to request a ride around an 80-square-mile (129-square-kilometer) territory spanning the second largest U.S. city.
After Waymo received approval from California regulators to charge for rides 15 months ago, the company initially chose to launch its operations in San Francisco before offering a limited service in Los Angeles.
Before deciding to compete against conventional ride-hailing pioneers Uber and Lyft in California, Waymo unleashed its robotaxis in Phoenix in 2020 and has been steadily extending the reach of its service in that Arizona city ever since.
Driverless rides are proving to be more than just a novelty. Waymo says it now transports more than 50,000 weekly passengers in its robotaxis, a volume of business numbers that helped the company recently raise $5.6 billion from its corporate parent Alphabet and a list of other investors that included venture capital firm Andreesen Horowitz and financial management firm T. Rowe Price.
“Our service has matured quickly and our riders are embracing the many benefits of fully autonomous driving,” Waymo co-CEO Tekedra Mawakana said in a blog post.
Despite its inroads, Waymo is still believed to be losing money. Although Alphabet doesn’t disclose Waymo’s financial results, the robotaxi is a major part of an “Other Bets” division that had suffered an operating loss of $3.3 billion through the first nine months of this year, down from a setback of $4.2 billion at the same time last year.
But Waymo has come a long way since Google began working on self-driving cars in 2009 as part of project “Chauffeur.” Since its 2016 spinoff from Google, Waymo has established itself as the clear leader in a robotaxi industry that’s getting more congested.
Electric auto pioneer Tesla is aiming to launch a rival “Cybercab” service by 2026, although its CEO Elon Musk said he hopes the company can get the required regulatory clearances to operate in Texas and California by next year.
Tesla’s projected timeline for competing against Waymo has been met with skepticism because Musk has made unfulfilled promises about the company’s self-driving car technology for nearly a decade.
Meanwhile, Waymo’s robotaxis have driven more than 20 million fully autonomous miles and provided more than 2 million rides to passengers without encountering a serious accident that resulted in its operations being sidelined.
That safety record is a stark contrast to one of its early rivals, Cruise, a robotaxi service owned by General Motors. Cruise’s California license was suspended last year after one of its driverless cars in San Francisco dragged a jaywalking pedestrian who had been struck by a different car driven by a human.
Cruise is now trying to rebound by joining forces with Uber to make some of its services available next year in U.S. cities that still haven’t been announced. But Waymo also has forged a similar alliance with Uber to dispatch its robotaxi in Atlanta and Austin, Texas next year.
Another robotaxi service, Amazon’s Zoox, is hoping to begin offering driverless rides to the general public in Las Vegas at some point next year before also launching in San Francisco.
veryGood! (572)
Related
- How to watch the 'Blue Bloods' Season 14 finale: Final episode premiere date, cast
- Federal judge pauses limited gag order on Trump in 2020 election interference case
- Fish and Wildlife Service Proposes Sprawling Conservation Area in Everglades Watershed
- Venezuela’s opposition is holding primary to pick challenger for Maduro in 2024 presidential rival
- Trump invites nearly all federal workers to quit now, get paid through September
- Keep Your Summer Glow and Save 54% On St. Tropez Express Self-Tanning Mousse
- Michigan State apologizes for 'inappropriate content' after Hitler featured in scoreboard trivia
- Hunter Biden special counsel David Weiss to speak with congressional investigators
- Current, future North Carolina governor’s challenge of power
- Reese Witherspoon Tears Up Saying She Felt Like She Broke a Year Ago
Ranking
- See you latte: Starbucks plans to cut 30% of its menu
- Jose Altuve’s home run gives Astros wild win as benches clear in ALCS Game 5 vs. Rangers
- James Patterson talks writing stories and fighting Norman Mailer
- Pacific and Atlantic hurricanes Norma and Tammy make landfall on Saturday in Mexico and Barbuda
- Buckingham Palace staff under investigation for 'bar brawl'
- Craig Kimbrel melts down as Diamondbacks rally to beat Phillies, even up NLCS
- Canada recalls 41 of its diplomats from India amid escalating spat over Sikh slaying
- Iowa woman who made fake cancer claims on social media must pay restitution but stays out of prison
Recommendation
South Korean president's party divided over defiant martial law speech
Watch this cute toddler unlock a core memory when chatting with this friendly dolphin
At Cairo summit, even Arab leaders at peace with Israel expressed growing anger over the Gaza war
Palestinian death toll in West Bank surges as Israel pursues militants following Hamas rampage
The White House is cracking down on overdraft fees
Four decades after siblings were murdered in Arkansas, police identify a suspect: their father
How Former NFL Player Sergio Brown Ended Up Arrested in Connection With His Mother's Killing
Mother arrested after dead newborn found in garbage bin behind Alabama convenience store