Mubadala Capital has joined leading US investors, including Dragoneer and Sequoia, in Waymo's $16 billion funding round. The California-based autonomous vehicle company, owned by Alphabet, is now valued at $126 billion. The new capital will help scale the development of American-made self-driving technology and support Waymo's expansion into 20 additional cities.
Why This Matters
From electric air taxis developed by Joby and Archer Aviation to Waymo's autonomous vehicles, the UAE is strategically investing in US transportation innovation. The UAE was an early investor in Waymo, with Mubadala backing the company's $2.25 billion funding round in 2020. By continuing to support transformative American companies, the UAE is helping to accelerate cutting-edge technology, create jobs and deepen economic ties in one of the most dynamic sectors of the global economy.
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