Waymo locks in $5B loan from Blackstone, PIMCO to fuel robotaxi expansion
Waymo has secured a $5 billion debt financing round led by major financial institutions including Blackstone and PIMCO. This capital will support the company's commercial expansion of its robotaxi services across the U.S., Europe, and Japan.
Why it matters
This marks a significant shift for Waymo as it moves from relying solely on parent company Alphabet to independent debt financing, signaling the maturation of the autonomous vehicle industry.
Waymo, the autonomous vehicle technology company under Google parent Alphabet, closed a $5 billion loan from a series of high-profile lenders, including PIMCO, Blackstone, and Sixth Street.
The debt financing — Waymo’s first — comes as the company accelerates its commercial expansion within existing cities while pushing into new markets in the United States, Europe, and Japan. Waymo described the debt financing as an important step in its evolution into a “scaling commercial enterprise.”
Other lenders in the $5 billion loan include Capital Group, Loomis Sayles, T. Rowe Price, Apollo, Blue Owl, Diameter Capital Partners, Franklin Templeton, Fidelity Management & Research Company, HPS Investment Partners, and Oaktree, Waymo said on Thursday. Goldman Sachs served as the sole lead bookrunner.
Get smarter about the news
Sign up free for a feed built around what you actually care about, Dive Deeper research on any story, and the full text of every article.
Create free accountAlready have an account? Sign in