Alphabet's self-driving car unit Waymo is seeking outside investments from the likes of Volkswagen (OTCPK:VWAGY), The Information reports. Automakers

Alphabet’s self-driving car unit Waymo is seeking outside investments

Technology News

Alphabet's self-driving car unit Waymo is seeking outside investments from the likes of Volkswagen (OTCPK:VWAGY), The Information reports. Automakers that now make cars for Waymo -

Fiat Chrysler (NYSE:FCAU) and Jaguar (NYSE:TTM) - could also be involved. Sources estimate that the division is costing at least $1B a year and investments could ease the burden for Alphabet (GOOG, GOOGL).

Waymo is seeking outside investments

Beside Volkswagen, other potential financial specialists could incorporate automakers that presently make autos for Waymo - Fiat Chrysler and Jaguar, the innovation

Volkswagen and Ford Motor Co have additionally been in talks over how much the German automaker will put resources into the No. 2 U.S. automaker's self-driving vehicle unit.

Waymo, years back, was esteemed at $4.5 billion, however experts guarantee it could outperform a valuation as high as $175 billion dependent on future income gauges. For setting, a valuation north of $100 billion puts Waymo fundamentally in front of Uber, Tesla, GM and Ford.

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