Funding Overview
Waabi Innovation Inc., the Canadian autonomous‑truck startup, announced a $750 million Series C financing round and a separate milestone‑based commitment of up to $250 million from Uber Technologies.
Key Investors
The round was led by Khosla Ventures and G2 Venture Partners. Additional participants included:
- Uber
- NVentures
- Volvo Group Venture Capital AB
- Porsche Automobil Holding SE
- BlackRock Inc.
- Radical Ventures LP
- HarbourVest Partners
- Linse Capital
- Incharge Capital
- BDC Capital Inc.
- Export Development Canada
- TELUS Global Ventures
- BMO Global Asset Management Inc.
Uber Partnership and Robotaxi Plans
Under the exclusive agreement, Waabi will power Uber’s robotaxi service with its "Waabi Driver" platform. Uber will provide additional milestone‑based capital to support development and aims to deploy at least 25,000 Waabi‑powered robotaxis over time.
About Waabi
Founded in 2021 by John Furrier and Dave Vellante, Waabi builds a general‑purpose "Physical AI" system that blends large‑scale machine learning with a deep physics understanding, enabling autonomous vehicles to reason, predict and act safely in complex environments.
Industry Impact
The combined $1 billion investment underscores growing confidence in autonomous‑vehicle technology and positions Waabi as a major contender in the emerging robotaxi market.