Waabi is building Waabi Driver into Volvo autonomous trucks
Waabi’s financing supports its Uber robotaxi programme alongside Volvo autonomous trucks and freight operations.
Waabi announced on January 28, 2026 that it had closed a $750 million Series C round and secured additional milestone-based future investment from Uber, bringing the financing package to $1 billion. The Uber commitment supports a new partnership to deploy Waabi Driver-powered robotaxis on Uber’s platform.
Independent coverage described the structure as a $750 million Series C co-led by Khosla Ventures and G2 Venture Partners plus roughly $250 million tied to Uber milestones. The same coverage said the Uber partnership targets 25,000 or more Waabi Driver-powered robotaxis, moving Waabi beyond autonomous trucking into a broader vehicle-autonomy platform.
Waabi and Volvo Autonomous Solutions announced a 2025 partnership to integrate Waabi Driver into Volvo VNL Autonomous trucks, with production tied to Volvo’s New River Valley assembly plant and redundant systems for autonomous operations.
Waabi was founded in 2021 by Raquel Urtasun, a University of Toronto machine-learning researcher who previously led AI work at Uber ATG. It develops an autonomy system trained through simulation and structured validation for trucking and robotaxi applications.
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