Waymo is working to develop fully autonomous vehicles. The company believes that this technology can save lives by minimizing human error or impairment, which is a factor in the overwhelming majority of crashes in the U.S. Additionally, Waymo believes that autonomous driving technology can empower people who can't drive due to age or disability with the freedom of mobility.
The company is building Waymo Driver, the world's most experienced driver. The technology has logged more than 100 million miles on public roads as of mid-2025. Waymo is working to monetize this autonomous driving technology through Waymo One, its public, fully autonomous ride-hailing service, which it is expanding to new cities across the country.
Analysts believe that the market value of robotaxi services like Waymo One could grow into a $47 billion opportunity by 2034. That growth potential makes Waymo a compelling investment opportunity. Here's everything you need to know about investing in the company before it completes an initial public offering (IPO) and some other autonomous driving companies to consider.
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The bottom line on Waymo
Waymo is one of the early leaders in autonomous driving. The company has the backing of tech titan Alphabet and other leaders in the venture capital technology and automotive worlds. While it's still in the early stages of developing and testing its technology, it has tremendous potential. Because of that, it's a very exciting company to watch since its technology could save countless lives while empowering the immobile with the freedom of mobility.
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