Current:Home > StocksWaymo’s robotaxis now open to anyone who wants a driverless ride in Los Angeles -MoneySpot
Waymo’s robotaxis now open to anyone who wants a driverless ride in Los Angeles
View
Date:2025-04-17 06:43:25
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! (4931)
Related
- Trump invites nearly all federal workers to quit now, get paid through September
- Fire chief in Texas city hit hard by wildfires dies while fighting a structure blaze
- Two major U.S. chain restaurants could combine and share dining spaces
- Police search for a suspect after a man is shot by an arrow in Los Angeles
- Rams vs. 49ers highlights: LA wins rainy defensive struggle in key divisional game
- EAGLEEYE COIN: A New Chapter for Cryptocurrencies
- You'll Be Amazed By These Secrets About Cruel Intentions
- Andre Agassi Serves Up Rare Insight Into His and Steffi Graff’s Winning Marriage
- 'As foretold in the prophecy': Elon Musk and internet react as Tesla stock hits $420 all
- Lululemon's New Travel Capsule Collection Has Just What You Need to Effortlessly Elevate Your Wardrobe
Ranking
- The White House is cracking down on overdraft fees
- Booth where Tony Soprano may have been whacked – or not – sells for a cool $82K to mystery buyer
- Teen soccer sisters stack up mogul-like résumé: USWNT, movie cameo, now a tech investment
- Kristen Stewart Wears Her Riskiest Look Yet With NSFW Bodysuit
- Working Well: When holidays present rude customers, taking breaks and the high road preserve peace
- The U.S. sharply limits how much credit cards can charge you in late fees
- Rising debt means more would-be borrowers are getting turned down for loans
- Sophie Turner and Peregrine Pearson Enjoy Romantic Trip to Paris for Fashion Week
Recommendation
Moving abroad can be expensive: These 5 countries will 'pay' you to move there
Jason Kelce's off-the-field impact, 'unbelievable legacy' detailed by Eagles trainer
$200 billion: Jeff Bezos back on top as world's richest person, jumping Elon Musk in Bloomberg ranking
Dakota Johnson talks 'Madame Web' reviews and being a stepmom to Gwyneth Paltrow's kids
The Louvre will be renovated and the 'Mona Lisa' will have her own room
Georgia pushes group to sanction prosecutors as Fani Willis faces removal from Trump case
After years of protest by Native Americans, massive dam removal project hopes to restore salmon population in Northern California river
Florida gymnastics coach accused of having sexual relationship with 2 young girls: Reports