SoftBank-Backed Wayve Raises $1.2 Billion From Microsoft, Nvidia, Automakers

Dow Jones09:30
 

By Megan Cheah

 

U.K. self-driving technology provider Wayve raised $1.2 billion in a series D investment round, as it seeks to scale the commercial deployment of its driving tech.

The round, led by venture capital firms Eclipse Capital, Balderton Capital and a SoftBank Group fund, pushes Wayve's post-money valuation to $8.6 billion, the car startup said Wednesday.

Other investors in the fundraising round included tech giants Microsoft and Nvidia, ride-hailing platform Uber Technologies, as well as automakers Mercedes-Benz, Nissan Motor and Stellantis.

Uber also plans to invest additional milestone-based capital to scale Wayve-powered robotaxi deployments globally, Wayve said.

Wayve develops AI autonomous-driving software. It aims to launch commercial robotaxi trials in 2026 and deploy supervised autonomy software in consumer vehicles from next year.

Japanese carmaker Nissan previously said it was teaming up with Wayve to bring AI-powered driver assistance to mass-produced vehicles worldwide. Nissan's first model using Wayve's technology is expected to hit the market in Japan in the fiscal year starting April 2027.

 

Write to Megan Cheah at megan.cheah@wsj.com

 

(END) Dow Jones Newswires

February 24, 2026 20:30 ET (01:30 GMT)

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