Waymo, Alphabet Inc.’s autonomous driving unit, is in discussions to raise more than $15 billion at a valuation near $100 billion, in a financing round led by its parent company.

Waymo is reportedly looking to raise a massive new round of funding that would value the autonomous driving company

Waymo has begun offering select riders access to driverless taxi trips on Los Angeles freeways, expanding its autonomous service beyond surface streets.

CNBC on Tuesday cited sources as saying that the autonomous vehicle maker is seeking at least $15 billion in new financing. The investment is expected to be led by Alphabet Inc., Waymo’s parent company. Other investors could reportedly chip in as well.

Waymo plans $15 billion funding at $110 billion valuation, expanding robotaxi services as Alphabet eyes profitability by 2027.

For years, Alphabet’s ($GOOGL) moonshot portfolio was treated as a single accounting bucket, “Other Bets.” That is starting to change. Investors

The prior investment round in October 2024, also led by Alphabet, valued the company at $45 billion. ・The hike in valuation comes as the company scales its robotaxi services across several U.S. cities while also eyeing international expansion.

Alphabet-owned Waymo is reportedly in talks to raise over $15 billion, a move that could significantly reshape the robotaxi industry.