UK Startup Wayve Secures $1.2bn for Autonomous Driving Push

London: UK-based autonomous driving startup Wayve has raised $1.2 billion in a new funding round, drawing interest from major automakers, venture firms, and technology giants. The round could grow to $1.5 billion if Uber adds another $300 million, which is tied to future robotaxi deployments starting in London. Following the raise, Wayve is valued at $8.6 billion.

The investment highlights growing confidence in automated driving as companies race to commercialise self-driving technology. Wayve’s backers include Microsoft, Nvidia, Uber, and automakers Mercedes-Benz, Nissan, and Stellantis.

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Founded in 2017, Wayve uses an end-to-end deep learning system that learns how to drive using data, without relying on high-definition maps. Its software can power both assisted driving systems that require driver attention and fully automated systems for robotaxis or consumer vehicles in specific environments.

Wayve does not plan to operate its own robotaxi service or sell vehicles directly. Instead, it licenses its self-driving software to partners like automakers and Uber. Kendall believes this model works because Wayve’s AI can adapt across different sensors, chips, and environments.

Nissan plans to use Wayve’s software in its vehicles starting in 2027. Uber also plans commercial trials later this year. Uber CEO Dara Khosrowshahi said, “We are very proud to continue to deepen our partnership with Wayve, with plans to deploy together in more than 10 markets around the world.”