Connect with us
LIVE

News

Waymo plans launch in London, first European market for robotaxi

Published

on

Waymo self-driving cars with roof-mounted sensor arrays traveling near palm trees and modern buildings along the Embarcadero, San Francisco, California, February 21, 2025. 

Smith Collection/gado | Archive Photos | Getty Images

Alphabet‘s Waymo is bringing its driverless ride-hailing services to London, the first European market for its robotaxi.

The company said in a release on Wednesday that it plans to start test drives on London’s roads in coming months, with human safety specialists at the wheel. It intends to open its robotaxi service next year, assuming it can get permissions from regulators as well as local and national leaders.

London will mark the company’s second international city after Tokyo, where testing began in early 2025.

Waymo has been aggressively expanding in the U.S., and now offers a commercial service in the Los Angeles area, Phoenix, San Francisco, Atlanta and Austin, Texas. The company has also announced plans to start robotaxi services in Miami and Washington, D.C., and said in August that it obtained permits to begin testing its autonomous vehicles with trained safety drivers on board in New York City.

In London, Waymo’s fleet will be comprised of Jaguar iPACE electric vehicles equipped with the company’s Waymo Driver autonomous systems. Waymo said it already employs engineering teams in Oxford and London, and that it plans to work with Moove to handle operations and maintenance for its fleet.

Moove provides vehicle financing to drivers who want to purchase a new vehicle for ride-hailing, and offers services like cleaning, some repairs and charging of electric vehicles to transportation businesses including Waymo and Uber, which is an investor in the startup.

Advertisement

In June, the U.K. announced an accelerated framework for commercial pilots by AV ventures, an effort to bring self-driving investments to the region. London also established a “Vision Zero” goal earlier this year to eliminate all serious injuries and deaths in its transportation systems by 2041.

Waymo says its system “is involved in five times fewer injury-causing collisions, and twelve times fewer injury-causing collisions with pedestrians compared to humans,” according to the company’s analysis of its own data.

The company has also reported that its self-driving vehicles have logged 100 million “fully autonomous miles” on public roads, and provided more than 10 million paid rides to passengers to-date.

Waymo is part of Alphabet’s “Other Bets” segment, which brought in revenue of $373 million in the second quarter on a loss of $1.25 billion. Alphabet plans to report third-quarter results on Oct. 29.

Wayve, a U.K.-based startup backed by SoftBank and Microsoft, previously announced that it plans to bring a robotaxi commercial pilot to London next year. While Waymo uses radar, lidar and other sophisticated sensors in its vehicles, Wayve is developing camera-based systems, an approach that’s similar to Tesla’s pursuits.

— CNBC’s Jennifer Elias contributed to this report.

WATCH: Lyft CEO on partnership with Waymo

Lyft CEO David Risher on partnership with Waymo: 'This is just getting started'

Source link

Title

This industrial giant is emerging as a big AI play, says Wells Fargo This industrial giant is emerging as a big AI play, says Wells Fargo
Crypto6 months ago

This industrial giant is emerging as a big AI play, says Wells Fargo

  Wells Fargo sees Caterpillar continuing to roar higher, emerging as an artificial intelligence play. The bank initiated shares of...

Novo Nordisk's strategy tested as investors push back on board revamp Novo Nordisk's strategy tested as investors push back on board revamp
Crypto6 months ago

Novo Nordisk’s strategy tested as investors push back on board revamp

    Flags with the logos of Danish drugmaker Novo Nordisk, maker of the blockbuster diabetes and weight-loss treatments Ozempic...

Alibaba plans AI subscriptions, stablecoin-like payments with JPMorgan Alibaba plans AI subscriptions, stablecoin-like payments with JPMorgan
Crypto6 months ago

Alibaba plans AI subscriptions, stablecoin-like payments with JPMorgan

  Key Points Alibaba plans to use “tokenization” of payments for cross-border transactions in its business-to-business arm. Kuo Zhang, president...

Abraham Lincoln set off an education revolution in 1862 with the Land Grant Act. We need the same thing today for AI Abraham Lincoln set off an education revolution in 1862 with the Land Grant Act. We need the same thing today for AI
Crypto6 months ago

UK borrowing costs spike on report government to scrap plans to raise income tax

    Rachel Reeves, U.K. chancellor of the exchequer, delivers a speech in London, UK, on Tuesday, Nov. 4, 2025. Bloomberg...

An Indonesian Unicorn's Vision For Digital Payments An Indonesian Unicorn's Vision For Digital Payments
Crypto6 months ago

Trump’s threatened the BBC with a $1B lawsuit: Here’s what’s going on

    US President Donald Trump speaks to reporters as he arrives at Palm Beach International Airport on Oct. 31,...

We're downgrading a portfolio stock. Plus, what's causing the market's rally We're downgrading a portfolio stock. Plus, what's causing the market's rally
Crypto6 months ago

UBS’s picks for global returns next year

  Investors looking for global diversification opportunities should look to a specific subset of stocks in Europe, according to UBS...

Nvidia will soar nearly 75%, says Loop Capital Nvidia will soar nearly 75%, says Loop Capital
News6 months ago

AI companies admit they’re worried about a bubble

    Eakarat Buanoi | Istock | Getty Images LISBON, Portugal — Top tech executives told CNBC they’re concerned about...

CEO Southeast Asia's top bank DBS says AI adoption already paying off CEO Southeast Asia's top bank DBS says AI adoption already paying off
News6 months ago

CEO Southeast Asia’s top bank DBS says AI adoption already paying off

Tan Su Shan, deputy chief executive officer and managing director of institutional banking at DBS Group Holdings Ltd., speaks during...

China's economic slowdown deepens in October as housing slump worsens and investments shrink more than expected China's economic slowdown deepens in October as housing slump worsens and investments shrink more than expected
News6 months ago

China’s economic slowdown deepens in October as housing slump worsens and investments shrink more than expected

CHENGDU, CHINA – OCTOBER 18: People walk past the Louis Vuitton store at Taikoo Li, a high-end shopping area that...

U.S. to remove tariffs on some products from Ecuador, Argentina, Guatemala and El Salvador U.S. to remove tariffs on some products from Ecuador, Argentina, Guatemala and El Salvador
News6 months ago

U.S. to remove tariffs on some products from Ecuador, Argentina, Guatemala and El Salvador

The United States said Thursday it will remove tariffs on some foods and other imports from Argentina, Ecuador, Guatemala and...

Advertisement