Canadian autonomous driving startup Waabi has secured $750 million in a Series C round co-led by Khosla Ventures and G2 Venture Partners.
The funding will be used to advance Waabi’s “physical AI” platform and accelerate commercial growth in autonomous trucking.
The startup also announced an additional $250 million in milestone-based capital from its new partnership with Uber. That funding will be used to deploy approximately 25,000 Waabi driver-powered robotaxis exclusively on the Uber platform. Waabi did not provide a timeline for the rollout but noted that robotaxis will be deployed “over time.”
On LinkedIn, Waabi COO Lior Ron wrote that the startup has created “one shared brain” to power both autonomous trucks and robotaxis, meaning progress in one vertical will directly benefit the other.
“For example, our trucks, which have already mastered complex surface streets enabling an industry-first direct-to-customer model, will be able to go all the way to urban centers as well.”
Brook Porter, partner and co-founder at G2 Venture Partners, said Waabi is “fundamentally changing the trajectory of autonomous transportation.”
“Their simulation-first end-to-end AI is a powerful enabler, accelerating commercial adoption while dramatically reducing capital needs to scale. Waabi is unlocking the potential for autonomy to drive vehicle efficiency and utilization, catalyzing the shift to a more sustainable transportation system,” Porter said.
Waabi has an existing partnership with Uber Freight, and Uber has been gradually adding robotaxi partnerships.
Last year, the rideshare giant expanded its partnership with WeRide and secured new partnerships with Pony.ai, May Mobility, Momenta, Baidu, as well as Nuro and Lucid.