{"id":85640,"date":"2024-07-25T00:00:00","date_gmt":"2024-07-25T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/climate\/2024\/07\/25\/alphabet-invests-usd-5-bn-into-waymo-ev-eve-reveals-its-first-evtol-taxi-prototype\/"},"modified":"2024-07-25T00:00:00","modified_gmt":"2024-07-25T00:00:00","slug":"alphabet-invests-usd-5-bn-into-waymo-ev-eve-reveals-its-first-evtol-taxi-prototype","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/climate\/2024\/07\/25\/alphabet-invests-usd-5-bn-into-waymo-ev-eve-reveals-its-first-evtol-taxi-prototype\/","title":{"rendered":"Alphabet invests USD 5 bn into Waymo EV + Eve reveals its first eVTOL taxi prototype"},"content":{"rendered":"<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>US tech conglomerate holding company Alphabet is investing USD 5 bn in its <\/strong><strong>self-driving, ride-hailing EV <\/strong><strong><a target=\"_blank\" href=\"https:\/\/waymo.com\/\" style=\"\" rel=\"noopener\">Waymo<\/a><\/strong>, <a target=\"_blank\" href=\"https:\/\/www.cnbc.com\/2024\/07\/23\/alphabet-to-invest-5-billion-in-self-driving-car-unit-waymo.html\" style=\"\" rel=\"noopener\">CNBC<\/a> reports, citing comments made by CFO Ruth Porat on an earnings call. This funding follows previous rounds in 2020 and 2021, where Waymo raised USD 2.25 bn and USD 2.5 bn respectively.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong style=\"background-color: transparent;\">About Waymo: <\/strong><span style=\"background-color: transparent;\">The fully electric ride-hailing car is equipped with a machine learning system called <\/span><a target=\"_blank\" href=\"https:\/\/waymo.com\/waymo-driver\/\" rel=\"noopener\">Waymo Driver<\/a><span style=\"background-color: transparent;\"> that uses highly detailed custom maps, matched with real-time sensor data, to determine its exact road location at all times, according to its <\/span><a target=\"_blank\" href=\"https:\/\/waymo.com\/\" rel=\"noopener\">website<\/a><span style=\"background-color: transparent;\">. Waymo has so far offered 50k weekly paid trips \u2014 mainly in San Francisco and Phoenix \u2014 and completed 2 mn trips.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Alphabet is going against the grain: <\/strong>Alphabet\u2019s new investment in Waymo comes after General Motors\u2019 autonomous vehicle subsidiary Cruise said it would \u201cindefinitely delay\u201d the production of its self-driving shuttle, and Tesla decided to delay plans to unveil its robotaxi.<\/p>\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Brazil\u2019s Eve presents its first eVTOL taxi prototype:<\/strong> Brazilian eVTOL company Eve Air Mobility revealed for the first time the full-scale prototype of its \u201cflying taxi\u201d \u2014 a battery-powered aircraft that can take off and land vertically to accommodate ferry travelers on short city trips, <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/business\/aerospace-defense\/embraers-eve-rolls-out-flying-taxi-prototype-cash-needs-covered-until-2027-2024-07-21\/\" style=\"\" rel=\"noopener\">Reuters<\/a> reports. While the showcased prototype is not yet equipped to include cabin space or a pilot, the final aircraft plans to seat four passengers and a pilot. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The timeline: <\/strong>The firm is planning a test flight for the prototype by the end of this year or early 2025 with plans to obtain certification to begin operations in 2026, CEO Johann Bordais told Reuters. It will also conduct ground testing this month. \u201cThis prototype is completely remote so we can test aerodynamics, start flying and then make what we call transition flight from vertical to horizontal flight,\u201d Bordais said.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>MENA already has orders lined up: <\/strong>UAE-based charter flight operator Falcon Aviation Services is <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/1c3de527-158a-429a-bc72-3d3d5040a778\/germany%25e2%2580%2599s-stellantis-and-us-firm-archer-work-on-new-evtol\" style=\"\" rel=\"noopener\">buying up to 35 flying taxis<\/a> from electric aircraft company Eve Holding, with deliveries expected to start in 2026. It also <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/3868caac-e96b-4242-8374-d988473b436f\/green-mobility-updates-from-the-uae-and-ksa-%2B-egypt-gets-more-green-funding-from-the-afdb\" style=\"\" rel=\"noopener\">signed an MoU<\/a> with Saudi Arabia\u2019s air carrier and the leading low-cost airline Flynas to explore operating eVTOLs in KSA. The firm has a backlog of <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/92df36f8-b2a8-4c2d-b19e-7e08f1394333\/brazil%25e2%2580%2599s%253cmark%253e-eve%253c%2Fmark%253e-agrees-to-sell-150-its-flying-cars\" style=\"\" rel=\"noopener\">2.8k orders globally<\/a>. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>The company has already raised nearly USD 5 bn in previous funding rounds.<\/p>\n","protected":false},"author":1,"featured_media":85641,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[71],"tags":[70,11,164,95],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-85640","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-around-the-world","tag-around-the-world","tag-enterpriseclimate","tag-green-finance","tag-green-tech","wpautop","entry"],"acf":{"mongo_id":"7efa0732-4f21-4eac-8e58-bc4bf0b80819","order":"8","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/7\/2055.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Alphabet invests USD 5 bn into Waymo EV + Eve reveals its first eVTOL taxi prototype","related_issue":[85626],"teaser":"The company has already raised nearly USD 5 bn in previous funding rounds.","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/7\/.17a95586-3035-432f-a698-153b19289900.mp3"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Alphabet invests USD 5 bn into Waymo EV + Eve reveals its first eVTOL taxi prototype - Climate<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/climate\/2024\/07\/25\/alphabet-invests-usd-5-bn-into-waymo-ev-eve-reveals-its-first-evtol-taxi-prototype\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta 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