UK self-driving start-up Wayve has raised $1.2bn in new funding from investors including automakers Mercedes-Benz, Stellantis and Nissan, as it gears up to launch its first robotaxi service in London later this year.
The deal values London-based Wayve at $8.6bn, including the new funds, ranking it among the UK’s most valuable AI start-ups.
The round marks the first time that Wayve, founded in 2017, has raised capital from the automotive industry, after signing its first commercial partnership with Nissan last year.
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