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Waymo's shift to $5 billion in debt financing marks a critical milestone in its transition from an experimental project to a scalable commercial enterprise, signaling confidence in its path toward profitability. This capital injection will directly fund the expansion of its autonomous vehicle fleet and infrastructure across new global markets, moving beyond reliance on equity funding alone.

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Waymo locks in $5B loan from Blackstone, PIMCO to fuel robotaxi expansion

TechCrunchOctober 8, 20263 min read

This is the first time the Alphabet-owned company has turned to debt financing.

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…

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