Current:Home > MarketsWaymo’s robotaxis now open to anyone who wants a driverless ride in Los Angeles -FutureProof Finance
Waymo’s robotaxis now open to anyone who wants a driverless ride in Los Angeles
View
Date:2025-04-14 21:28:10
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! (25245)
Related
- Tarte Shape Tape Concealer Sells Once Every 4 Seconds: Get 50% Off Before It's Gone
- Taylor Swift Eras Archive site launches on singer's 35th birthday. What is it?
- 'Kraven the Hunter' spoilers! Let's dig into that twisty ending, supervillain reveal
- The White House is cracking down on overdraft fees
- Selena Gomez's "Weird Uncles" Steve Martin and Martin Short React to Her Engagement
- Head of the Federal Aviation Administration to resign, allowing Trump to pick his successor
- Rylee Arnold Shares a Long
- Meta releases AI model to enhance Metaverse experience
- Selena Gomez engaged to Benny Blanco after 1 year together: 'Forever begins now'
- North Carolina justices rule for restaurants in COVID
Ranking
- Gen. Mark Milley's security detail and security clearance revoked, Pentagon says
- Rolling Loud 2024: Lineup, how to stream the world's largest hip hop music festival
- Pregnant Kylie Kelce Shares Hilarious Question Her Daughter Asked Jason Kelce Amid Rising Fame
- The Best Stocking Stuffers Under $25
- California DMV apologizes for license plate that some say mocks Oct. 7 attack on Israel
- Paige Bueckers vs. Hannah Hidalgo highlights women's basketball games to watch
- House passes bill to add 66 new federal judgeships, but prospects murky after Biden veto threat
- Juan Soto to be introduced by Mets at Citi Field after striking record $765 million, 15
Recommendation
Who's hosting 'Saturday Night Live' tonight? Musical guest, how to watch Dec. 14 episode
'Malcolm in the Middle’ to return with new episodes featuring Frankie Muniz
Selena Gomez's "Weird Uncles" Steve Martin and Martin Short React to Her Engagement
The White House is cracking down on overdraft fees
Paula Abdul settles lawsuit with former 'So You Think You Can Dance' co
Meta releases AI model to enhance Metaverse experience
Residents worried after ceiling cracks appear following reroofing works at Jalan Tenaga HDB blocks
The Daily Money: Spending more on holiday travel?