Waymo is somehow worth more than Ford after raising $5.6B in funding
Waymo currently provides more than 100,000 paid rides per week to U.S. users go through Brad Anderson November 4, 2024 09:10 At the end of October, Waymo received $5.6 billion in new financing, valuing the company at more than $45 billion. The funds will be used to support fleet expansion, including adding the Hyundai Ioniq 5 electric vehicle to the lineup. The Google-owned company plans to form a ride-hailing partnership with Uber in Austin and Atlanta starting next year. Alphabet's self-driving unit is testing its fleet of self-driving robotaxis in a handful of cities but is now valued at more than $45 billion following recent investments. To put this into perspective, the entire Volkswagen Group has a market capitalization of 48 billion euros (approximately $52 billion), and Ford's market capitalization is $40 billion. Yes, Waymo is as valuable as they are now. Last week, Waymo announced that it had raised an undisclosed amount of $5.6 billion in new capital. The…
SeaPort Manatee gets $9.5 million in state funding to boost development
SeaPort Manatee will receive $9.5 million in emergency funding from the state of Florida to accelerate recovery efforts following the damage caused by Hurricane Milton. Governor Ron DeSantis announced the funding during a visit to the port on Monday, October 14. Also Read: Harbor Manatee resumes delivering fuel to hurricane-ravaged Florida areas "With this funding, our goal is to minimize disruption to Floridians and return to full operations at the Manatee Seaport as quickly as possible," DeSantis said. "A strong supply chain is critical, and we are committed to getting the port back to full operations as quickly as possible." The way it should be.” Significant damage and urgency Preliminary damage assessments put potential losses at the port at up to $200 million, affecting warehouses, berths, container yards, office space and security systems. Governor DeSantis noted that insurance does not cover all losses. The $9.5 million package will be allocated as follows: 1. $5.5 million for emergency berth repairs and…
Explore the latest exhibition information and industry trends at ASAP Expo Magazine. Your one-stop platform, bringing together global exhibition highlights, industry trends and in-depth analysis, to help companies accurately connect with the market and seize business opportunities.
