Waymo has completed its first debt financing, raising $5 billion, according to a Techub News brief citing TechCrunch. The move marks a shift in how the autonomous driving company is funding its operations. Until now, Waymo’s self-driving business had mainly relied on support from parent company Alphabet as well as venture capital funding. The report identified PIMCO, Blackstone, and Sixth Street as the main lenders in the deal. No additional terms were disclosed in the source material. The financing stands out as Waymo’s first known debt raise in the brief, adding a new funding channel alongside the equity-backed support it had previously used.
Waymo has completed its first debt financing, with the deal sized at $5 billion, according to a Techub News brief that cited TechCrunch.
Before this, the company’s autonomous driving business had mainly relied on funding from parent company Alphabet and venture capital.
TechCrunch said PIMCO, Blackstone, and Sixth Street were the main lenders in the financing.
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