Waymo (owned by behemoth Alphabet Inc.) has grown from 100k to 150k weekly paid trips over the past 2 months. Although only a super tiny fraction of all car trips globally (several tens of billions), the annual growth rate is massive (~700%) and they’re doing promising partnerships with both platforms (Uber) and car makers (Hyundai, Jaguar Land Rover, Volvo Cars, etc.). In just a few years, they’ll likely have millions of weekly trips. As will other autonomous mobility providers (Tesla, Amazon, etc.). Both the S-curve adoption rate of autonomy and the economic ripple effect will be so much stronger than most people think. Part of the reason will be that a lot of folks want to skip personal car ownership as they don’t ”have to” own a car anymore, it’ll become a streaming service. Also because cars (vans) will become mobile shopping stores with much better cost-efficiency and higher revenues vs. regular stores, and enable the sharing economy (which currently is not working). Autonomy is a big deal, as it could completely redraw both mobility and retail from their cores. Alphabet seems quite well positioned. _ #Waymo #autonomousvehicles
Waymo One is now providing over 150,000 paid trips and driving over 1 million fully autonomous miles every week. The future is here, it’s growing, and it’s taking riders safely to their destinations every day.
