Google’s self-driving car unit spins out as Waymo
Google is spinning out its self-driving car unit as a separate company called Waymo, the company announced today. The name is derived from its mission of finding “a new way forward in mobility.”
“We’re now an independent company within the Alphabet umbrella,” Waymo CEO Jon Krafcik told an audience at a press event in California today. Krafcik also noted that they had the first fully driverless ride on public roads in Austin last year, using a car with no steering wheels and no pedals in “everyday traffic” on real city streets.
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