Microsoft-backed Wayve raises $1.5 billion to take its robotaxis global and take on rival Waymo in London

Microsoft-backed Wayve raises .5 billion to take its robotaxis global and take on rival Waymo in London

By Tom Carter,Lloyd Lee
Publication Date: 2026-02-25 00:02:00

Wayve is revving up its global robotaxi ambitions with fresh funding as it prepares to take on Waymo in London.

The UK-based autonomous vehicle software startup announced early Tuesday in the UK that it had raised $1.5 billion from a host of Big Tech giants and major automakers.

The funding round, which values the startup at $8.6 billion, includes $1.2 billion from investors including Microsoft, Nvidia, and Uber, as well as Mercedes-Benz, Nissan, and Stellantis.

It also includes additional capital from Uber, which is tied to deployments of Wayve-powered robotaxis across the globe. The two companies have a deal to launch self-driving vehicles on Uber’s app in over 10 markets worldwide, starting with London this year.

“We’ve been learning to drive on British roads for the last eight years, and so this is our home turf,” Alex Kendall, CEO of Wayve, told Business Insider in an interview.

The CEO said the…