Alphabet’s Waymo Expands Ride-Hailing Service to Austin

Alphabet Stock

Alphabet’s (NASDAQ:GOOGL) Waymo is aggressively expanding its ride-hailing service, Waymo One, across the United States. The company’s latest move involves testing its self-driving vehicles on the streets of Austin, TX, which was designated as the fourth city for Waymo One last year.

Waymo’s electric Jaguar I-PACE vehicles, equipped with advanced Waymo Driver technology, will be tested across 43 square miles in Austin, including downtown, Barton Hills, Riverside, East Austin, and Hyde Park.

This expansion reflects Waymo’s commitment to reaching more customers with its robust driverless technology. Waymo recently partnered with Uber Technologies to provide autonomous driving experiences to Uber customers in Phoenix, AZ, as part of its efforts to deepen its presence in the city.

Waymo has also expanded its operations to downtown Phoenix, offering rides to Phoenix Sky Harbor International Airport. Additionally, Waymo has expanded to San Francisco, CA, through its Early Rider program, marking its first expansion outside Phoenix.

Waymo has received regulatory approval to expand in the San Francisco Peninsula and Los Angeles, and is also testing its self-driving vehicles in Bellevue, WA. These efforts are expected to strengthen Alphabet’s position in the booming autonomous driving space, which is projected to reach $2.35 trillion by 2032.

Alphabet’s expansion of Waymo’s operations and its growing prospects in the autonomous driving market are likely to enhance its competitive position against rivals like Amazon and Baidu, both of which are also investing heavily in autonomous driving technology.

Featured Image: Megapixl

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About the author: Stephanie Bédard-Châteauneuf has over seven years of experience writing financial content for various websites. Over the years, Stephanie has covered various industries, with a primary focus on tech stocks, consumer stocks, market news, and personal finance. She has an MBA in finance.