UK AI start-up Wayve raises $1.2bn from carmakers and Big Tech
Financial Times
February 25, 2026
AI-Generated Deep Dive Summary
Wayve, a UK-based AI startup specializing in self-driving technology, has raised $1.2 billion in funding from major car manufacturers and leading tech companies. The investment round underscores the growing interest in autonomous vehicle technology, with Wayve now valued at $8.6 billion. This significant capital injection will support the company's plans to launch a robotaxi service in London later this year, marking a major step forward in its mission to revolutionize urban mobility.
The startup’s innovative approach focuses on leveraging advanced AI algorithms rather than relying on expensive hardware like cameras or Lidar systems. This cost-effective strategy has attracted the attention of global automotive giants such as Volkswagen and big tech firms like Microsoft. Wayve’s success highlights the potential for self-driving technology to transform public transportation, offering a safer, more efficient, and affordable alternative to traditional taxis.
As the autonomous vehicle market continues to heat up, Wayve’s progress signals a shift in how cities might approach urban mobility in the future. The company’s ability to scale its robotaxi service could position it as a key player in the global race
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Originally published on Financial Times on 2/25/2026