Welcome to the podcast. I'm your host, Jaden Schaefer. Today on the podcast, we're talking about a company called Wabi that has just raised a billion dollars.

They partnered with Uber. They're getting into Robotaxies. It's an autonomous trucking company.

So today on the podcast, I want to break down how they got into this $750 million over subscribed series C, a lot of other crazy stuff that happened. And they also got another $250 million from Uber. We're getting into all of that, how they're able to raise it, what they're doing, why they're different, and what the competitive landscape looks like for some of these autonomous trucking and driving companies. Before we get into it, I wanted to mention if you want to build tools without knowing how to code,

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So you can go check out AIbox.a. All right, let's talk about what's happening with Wabi.

Something that's interesting to me with the Wabi story, of course, you know, a billion dollars raised is absolutely incredible. A partnership with Uber's incredible. And I think lots of times you'll see like a partnership happened first and then you go raise the money after, but they kind of did these things, or at least the way they announced them that happened at the same time. I'm sure there was probably talk that helped to raise the money.

But this is essentially a partnership with Uber to deploy self-driving cars on their

ride-sharing platform, which is going to make Wabi's first expansion beyond just

autonomous trucking.

This is what they've kind of been working on.

So this is their Series C.

It was co-led by Coachella Ventures, G2 Ventures,

and then, you know, that and a bunch of others kind of put in $750 million.

And alongside that, you have Uber that came in with $250 million,

so they did a total of $1 billion.

I think that Uber backing, that $250 million,

is tied to deploying about $ 25,000 or more of Wabi driver-powered robo taxis.

And what's interesting is this is exclusively on Uber's platform, even though the company didn't share a timeline for when they're going to have all of this rolled out.

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