Waymo, Alphabet's autonomous transport unit, is reportedly seeking funding at a hefty valuation, with Volkswagen in the frame to invest.
Waymo, the autonomous vehicle technology developer formed by internet and technology group Alphabet, is looking to raise outside money for the first time, The Information reported on Monday.
The unit has reportedly been valued at roughly $15bn but Alphabet will seek a substantially higher valuation in any round, and the prospective investors include automotive manufacturer Volkswagen, a person with direct knowledge of the situation told The Information.
Established as a formal subsidiary in 2016 after years of internal development, Waymo…
