Waymo just hit a major milestone in the autonomous driving race, announcing it has now surpassed 20 million fully autonomous, paid robotaxi trips with public riders. The update underscores how far Alphabet’s self-driving unit has come as it reportedly prepares for a massive new funding round that could value the company at nearly $100 billion.
In a post marking the achievement, Waymo said, “20 million. That’s how many times you’ve trusted Waymo to get you where you’re going. Today, we’ve officially surpassed 20 million fully autonomous trips with public riders! Thank you to everyone who helped make this a reality.” That’s a staggering figure for a service that, just a few years ago, was still largely confined to limited pilot programs.
The scale behind those trips is just as notable. Waymo has now logged more than 96 million rider-only autonomous miles, a key metric the company often highlights to demonstrate real-world experience without human drivers behind the wheel. The company recently said its robotaxi service delivered over 14 million paid trips in 2025 alone, averaging roughly one million rides per month across its operating cities.
All of this momentum comes as Waymo is reportedly in discussions to raise more than $15 billion in fresh capital at a valuation near $100 billion, according to Bloomberg. The round is expected to be led by Alphabet, Waymo’s parent company, with participation from external investors. For comparison, Waymo’s previous funding round in October 2024 valued the company at just over $45 billion, making this potential jump one of the most dramatic revaluations in the autonomous vehicle space.
Revenue is also beginning to take shape. Waymo is said to be operating at an annual revenue run rate of roughly $350 million, driven largely by its expanding commercial robotaxi operations. The company has steadily grown its footprint, recently expanding robotaxi service to five major U.S. cities and pushing testing into four additional markets.
Looking ahead, Waymo’s ambitions remain aggressive. The company has said it expects to scale to one million rides per week in 2026, while adding 20 new cities next year. Those plans include international expansions, with London and Tokyo on the roadmap, signaling that Waymo sees global potential for its driverless platform.
Of course, the progress hasn’t gone unnoticed by competitors. Elon Musk recently argued that Waymo “never had a chance” against Tesla’s approach, but with 20 million fully autonomous rides now on the books while Tesla has just started testing truly unsupervised Robotaxi rides in Austin, Waymo continues to build a data and deployment lead that’s hard to ignore.
