Bill Gates has reportedly invested in robotaxi startup Glydways

October 05, 2023 06:41 PM BST | By Invezz
 Bill Gates has reportedly invested in robotaxi startup Glydways
Image source: Invezz

Bill Gates – the billionaire co-founder of Microsoft Corp has invested in a robotaxi startup, as per “The Information”.

How much did Bill Gates invest in Glydways

The visionary participated in a Series B round of Glydways – a driverless taxi company based out of San Francisco through his venture investment arm or Gates Frontier.

In total, the startup raised $56 million in the second-round of funding. How much of it came from Bill Gates, though, remains unknown.

Other notable names that invested in the fundraising led by New Science Ventures include Khosla Ventures and a Spanish construction company ACS Group.  

Glydways has now raised $70 million in total since its inception in 2016.

Glydways is working with government agencies

Earlier this year, the San Jose City Council picked five partners to work on a transportation project for passengers to travel between Diridon Station and the San Jose Mineta International Airport.

Glydways was one of the companies that the Council picked from over twenty other proposals which included the Boring Co of billionaire Elon Musk.

The said project will likely launch over the next four to five years and be worth $500 million if companies that were picked do indeed secure approval for their design.

On Thursday, the tech-focused business publication also said that Tri Delta Transit and Contra Costa Transportation have picked Glydways to possibly bring robotaxi to East Bay region of San Francisco.

The post Bill Gates has reportedly invested in robotaxi startup Glydways appeared first on Invezz.


Disclaimer

The content, including but not limited to any articles, news, quotes, information, data, text, reports, ratings, opinions, images, photos, graphics, graphs, charts, animations and video (Content) is a service of Kalkine Media Limited, Company No. 12643132 (Kalkine Media, we or us) and is available for personal and non-commercial use only. Kalkine Media is an appointed representative of Kalkine Limited, who is authorized and regulated by the FCA (FRN: 579414). The non-personalised advice given by Kalkine Media through its Content does not in any way endorse or recommend individuals, investment products or services suitable for your personal financial situation. You should discuss your portfolios and the risk tolerance level appropriate for your personal financial situation, with a qualified financial planner and/or adviser. No liability is accepted by Kalkine Media or Kalkine Limited and/or any of its employees/officers, for any investment loss, or any other loss or detriment experienced by you for any investment decision, whether consequent to, or in any way related to this Content, the provision of which is a regulated activity. Kalkine Media does not intend to exclude any liability which is not permitted to be excluded under applicable law or regulation. Some of the Content on this website may be sponsored/non-sponsored, as applicable. However, on the date of publication of any such Content, none of the employees and/or associates of Kalkine Media hold positions in any of the stocks covered by Kalkine Media through its Content. The views expressed in the Content by the guests, if any, are their own and do not necessarily represent the views or opinions of Kalkine Media. Some of the images/music/video that may be used in the Content are copyright to their respective owner(s). Kalkine Media does not claim ownership of any of the pictures displayed/music or video used in the Content unless stated otherwise. The images/music/video that may be used in the Content are taken from various sources on the internet, including paid subscriptions or are believed to be in public domain. We have used reasonable efforts to accredit the source wherever it was indicated or was found to be necessary.


Sponsored Articles


Investing Ideas

Previous Next