All the fundraising deals in the autonomous vehicle market (from Q2 2025 to Q2 2026)
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The autonomous vehicle market recorded 26 disclosed funding deals between Q2 2025 and Q2 2026.
These autonomous vehicle companies raised a combined $22.34 billion, with Waymo accounting for most of the total.
Robotaxi companies attracted the most capital, while autonomous trucking companies completed the most deals.
And if you want to better understand this new industry, you can download our pitch covering the autonomous vehicle market.
Insights
- Waymo raised $16 billion and captured 71.6% of all autonomous vehicle market funding during the five-quarter period.
- Without Waymo, total autonomous vehicle funding falls from $22.34 billion to $6.34 billion.
- Q1 2026 represented 81.9% of all funding, but only eight of the 26 autonomous vehicle deals.
- Robotaxi companies raised $17.83 billion, equal to 79.8% of total autonomous vehicle market funding.
- Autonomous trucking produced nine deals, the highest category total, but attracted only $1.81 billion.
- Twenty-one of the 26 autonomous vehicle funding deals were larger than $50 million.
- Only one autonomous vehicle startup, MoveEz, raised less than $2 million during the period.
- The ten largest autonomous vehicle rounds captured approximately 94% of all disclosed funding.
- Most companies raised capital for fleet expansion, vehicle manufacturing, commercial routes or production integrations rather than early research.
- Uber participated in four disclosed deals, making Uber the most active recurring investor in the autonomous vehicle market.
This market map, featured in our autonomous vehicle market deck, highlights top companies and startups in the autonomous vehicle market
Summary table of the funding deals in the autonomous vehicle market (last 5 quarters)
We define the autonomous vehicle market as all cars, vans, buses and trucks designed for public roads that can fully take over the driving task from a human driver in some conditions, from SAE Level 3 to Level 5.
We include passenger cars, robotaxis, shuttles and commercial trucks with Level 3 to Level 5 automated driving systems, whether owned by individuals or operated in fleets.
We exclude vehicles with only Level 1 or Level 2 driver-assistance features, off-road robots, industrial robots, drones, warehouse robots and other non-road systems.
You can also read our detailed analysis to understand how funding activity in the autonomous vehicle market has evolved over the last few years.
Also, you should know that we have a dedicated page, updated weekly, with all the latest fundraising deals in the autonomous vehicle market.
| Name | What they do | Amount in $ | Quarter |
|---|---|---|---|
| Nuro | Develops Level 4 driving software for passenger vehicles, delivery fleets and robotaxis. | $106M | Q2 2025 |
| Rino.ai | Operates Level 4 driverless delivery vans on public roads in Chinese cities. | $28.4M | Q2 2025 |
| 42dot | Develops autonomous-driving software and software-defined vehicles for Hyundai Motor Group. | $360M | Q3 2025 |
| T2 | Develops Level 4 trucks for driverless freight transport on Japanese highways. | $34M | Q3 2025 |
| Rino.ai | Builds autonomous delivery vans for urban logistics fleets in China and overseas markets. | $68M | Q3 2025 |
| Nuro | Licenses Level 4 driving technology to automakers, delivery fleets and robotaxi operators. | $97M | Q3 2025 |
| Kodiak AI | Develops Level 4 autonomous trucks for long-distance freight routes in the United States. | $275M | Q3 2025 |
| Einride | Provides electric freight fleets, cabless autonomous trucks and fleet management software. | $100M | Q4 2025 |
| DiDi Autonomous Driving | Develops and operates Level 4 robotaxis for passengers in major Chinese cities. | $281M | Q4 2025 |
| Avride | Develops autonomous robotaxis and delivery vehicles for the United States and international markets. | $375M | Q4 2025 |
| Neolix | Manufactures Level 4 driverless vans for delivery, retail and urban logistics. | $600M | Q4 2025 |
| Pony.ai | Operates Level 4 robotaxis and develops autonomous freight trucks in China and overseas. | $863M | Q4 2025 |
| WeRide | Develops robotaxis, autonomous shuttles and Level 4 road vehicles for global markets. | $307.7M | Q4 2025 |
| Turing | Develops an AI-native passenger car designed for Level 4 and Level 5 driving. | $63M | Q4 2025 |
| Waabi | Develops an AI driver for autonomous trucks and planned robotaxi fleets. | $750M | Q1 2026 |
| Waymo | Operates paid driverless robotaxi services and develops autonomous-driving technology. | $16,000M | Q1 2026 |
| MoveEz | Develops Level 4 robotaxis for regional Japanese roads and difficult weather. | $1.3M | Q1 2026 |
| Wayve | Develops vehicle-independent autonomous-driving software for cars and robotaxi fleets. | $1,200M | Q1 2026 |
| Einride | Operates autonomous freight vehicles, electric trucks and logistics management software. | $113M | Q1 2026 |
| KargoBot | Operates autonomous heavy trucks on long-distance freight routes in China. | $100M | Q1 2026 |
| Autonomous A2Z | Develops Level 4 shuttles and robotaxis for South Korean transport programs. | $27.4M | Q1 2026 |
| QCraft | Develops autonomous-driving software for production cars, robotaxis and logistics vehicles. | $100M | Q1 2026 |
| Wayve | Develops adaptable autonomous-driving AI for passenger cars and robotaxi fleets. | $60M | Q2 2026 |
| DeepWay | Develops electric heavy trucks with autonomous technology for Chinese highway logistics. | $310M | Q2 2026 |
| Humble | Builds cabless electric autonomous vehicles for North American freight operators. | $24M | Q2 2026 |
| Kodiak AI | Develops Level 4 autonomous trucks for commercial long-haul freight operations. | $100M | Q2 2026 |
In our autonomous vehicle market deck, we identify pain points entrepreneurs should prioritize
How has funding activity in the autonomous vehicle market changed over time?
Q1 2026 was the largest quarter because Waymo raised $16 billion and Wayve raised another $1.2 billion.
Q2 2025 was the smallest quarter because only Nuro and Rino.ai announced qualifying autonomous vehicle funding deals.
Autonomous vehicle funding decreased by 97.3% from Q1 2026 to Q2 2026, but Q2 2026 funding remained 267.6% higher than Q2 2025.
The autonomous vehicle market looks much steadier after removing the largest rounds. Most quarters then show hundreds of millions of dollars in funding rather than multibillion-dollar changes.
| Quarter | Number of deals | Total raised ($) | Comment |
|---|---|---|---|
| Q2 2025 | 2 | $134M | Nuro supplied most of the quarter's autonomous vehicle funding. |
| Q3 2025 | 5 | $834M | 42dot and Kodiak AI produced most of the quarter's total. |
| Q4 2025 | 7 | $2.59B | Seven large deals created the broadest funding quarter in the period. |
| Q1 2026 | 8 | $18.29B | Waymo's $16 billion round created an exceptional quarterly peak. |
| Q2 2026 | 4 | $494M | DeepWay supplied almost two-thirds of the quarter's autonomous vehicle funding. |
| All quarters | 26 | $22.34B | One unusually large Waymo round shaped the five-quarter total. |
This chart, included in our autonomous vehicle market deck, shows how Waymo is winning in autonomous vehicles
Which startups in the autonomous vehicle market raised the largest rounds over the last months?
These startups raised the most recently in the autonomous vehicle market:
- Waymo raised $16 billion to expand driverless robotaxi fleets into more than 20 additional cities and support international launches.
- Wayve raised $1.2 billion to move its autonomous-driving software from research programs into commercial vehicles and robotaxi fleets.
- Pony.ai raised approximately $863 million through a Hong Kong offering to manufacture more robotaxis and expand commercial services.
- Waabi raised $750 million to launch commercial driverless trucking and support a planned robotaxi network with Uber.
- Neolix raised $600 million to increase driverless van production, expand Chinese deployments and accelerate international growth.
- Avride secured up to $375 million to deploy robotaxis through Uber and expand its autonomous fleet.
- 42dot raised $360 million to develop software-defined vehicles and Level 4 autonomous-driving technology for Hyundai Motor Group.
- DeepWay raised $310 million to increase electric truck production and scale autonomous freight deployments in China.
- WeRide raised approximately $307.7 million to grow robotaxi fleets and expand autonomous vehicle operations outside China.
- DiDi Autonomous Driving raised $281 million to mass-produce robotaxis and expand commercial driverless services in Chinese cities.
And, yes, we do cover most of them in our our beautiful pitch about the autonomous vehicle market.
You may also want to check our ranking of the most funded startups in the autonomous vehicle market as well as our list of the most valued startups.
This chart, included in our autonomous vehicle market deck, illustrates yearly funding for autonomous vehicle startups
Is the autonomous vehicle market shifting toward smaller or bigger deals?
The average autonomous vehicle funding deal was approximately $859 million across the five quarters.
The quarterly average ranged from $67 million in Q2 2025 to $2.29 billion in Q1 2026. Waymo's $16 billion financing caused most of this difference.
Without Waymo, the average autonomous vehicle deal falls to approximately $254 million, which still shows a strong preference for large deployment-stage rounds.
| Quarter | Number of deals | Average deal size | Deals below $2M | Deals above $50M |
|---|---|---|---|---|
| Q2 2025 | 2 | $67.2M | 0 | 1 |
| Q3 2025 | 5 | $166.8M | 0 | 4 |
| Q4 2025 | 7 | $370.0M | 0 | 7 |
| Q1 2026 | 8 | $2,286.5M | 1 | 6 |
| Q2 2026 | 4 | $123.5M | 0 | 3 |
| All quarters | 26 | $859.4M | 1 | 21 |
This chart, included in our autonomous vehicle market deck, compares the main business model options for autonomous trucking companies
How concentrated was funding activity in the autonomous vehicle market?
Autonomous vehicle market funding was highly concentrated because Waymo alone captured 71.6% of the five-quarter total. The ten largest rounds captured approximately 94%.
This concentration was strongest in Q1 2026, when the three largest autonomous vehicle deals represented 98.1% of quarterly funding.
| Quarter | Number of deals | Top 1 | Top 3 | Top 10 |
|---|---|---|---|---|
| Q2 2025 | 2 | 78.9% | 100.0% | 100.0% |
| Q3 2025 | 5 | 43.2% | 87.8% | 100.0% |
| Q4 2025 | 7 | 33.3% | 71.0% | 100.0% |
| Q1 2026 | 8 | 87.5% | 98.1% | 100.0% |
| Q2 2026 | 4 | 62.8% | 95.1% | 100.0% |
| All quarters | 26 | 71.6% | 80.8% | Approximately 94% |
This chart, featured in our autonomous vehicle market deck, shows the share of revenue generated by each customer segment in the autonomous vehicle market
Which categories in the autonomous vehicle market received the most funding?
Robotaxi fleets raised $17.83 billion, or 79.8% of total autonomous vehicle market funding. Waymo supplied almost 90% of the category total.
Autonomous driving systems raised $1.92 billion across six deals. Wayve accounted for most of this funding through its Series D and extension.
Autonomous trucking raised $1.81 billion across nine deals. The category attracted less capital than robotaxis but included the largest number of transactions.
| Category | Number of deals | Total raised ($) | Startups and amount |
|---|---|---|---|
| Robotaxi Fleets | 6 | $17,828M | Waymo: $16,000M; Pony.ai: $863M; Avride: $375M; WeRide: $307.7M; DiDi Autonomous Driving: $281M; MoveEz: $1.3M. |
| Autonomous Driving Systems | 6 | $1,923M | Wayve: $1,260M; 42dot: $360M; Nuro: $203M; QCraft: $100M. |
| Autonomous Trucking | 9 | $1,806M | Waabi: $750M; Kodiak AI: $375M; DeepWay: $310M; Einride: $213M; KargoBot: $100M; T2: $34M; Humble: $24M. |
This chart, included in our autonomous vehicle market deck, shows how robotaxi platform technology has evolved over time
Who are the biggest investors in the autonomous vehicle market?
Uber was the most active disclosed investor, with participation in four deals involving Nuro, Avride, Waabi and Wayve. Uber can use these companies to expand future autonomous ride and delivery networks.
NVIDIA participated in three deals involving Nuro, Waabi and Wayve. NVIDIA benefits when autonomous vehicle companies use more AI computing hardware.
Fidelity-related funds participated in Nuro and Waymo rounds worth a combined $16.20 billion. The Waymo financing created almost all of this total.
T. Rowe Price-related funds also participated in Nuro and Waymo rounds worth a combined $16.20 billion.
Tiger Global participated in Nuro and Waymo, giving Tiger Global exposure to both licensed driving software and robotaxi operations.
Eclipse Ventures participated in Wayve and led Humble's seed round. Eclipse Ventures backed both autonomous-driving software and purpose-built freight vehicles.
EQT Ventures participated in two Einride financings as Einride prepared to expand and pursue a public listing.
SF Express participated in two Rino.ai financings. SF Express has a direct strategic interest in driverless urban delivery vans.
Linear Capital was listed as a recurring Rino.ai investor across the company's 2025 financing activity.
Disclaimer: this investor list may be incomplete; we focus on publicly disclosed lead and prominent recurring investors, so some frequent minority participants may be underrepresented. “Total funded” does not represent the amount personally invested by an individual investor. Instead, it refers to the aggregate amount raised across all fundraising rounds in which the investor participated.
| Investor | Number of deals | Total funded ($) | Startups |
|---|---|---|---|
| Uber | 4 | $2,528M | Nuro, Avride, Waabi, Wayve |
| NVIDIA / NVentures | 3 | $2,153M | Nuro, Waabi, Wayve |
| Fidelity-related funds | 2 | $16,203M | Nuro, Waymo |
| T. Rowe Price-related funds | 2 | $16,203M | Nuro, Waymo |
| Tiger Global | 2 | $16,203M | Nuro, Waymo |
| Eclipse Ventures | 2 | $1,224M | Wayve, Humble |
| EQT Ventures | 2 | $213M | Einride |
| SF Express / SF Holding | 2 | $96.4M | Rino.ai |
| Linear Capital | 2 | $96.4M | Rino.ai |
This chart, included in our autonomous vehicle market deck, shows how mainstream ADAS adoption has driven growth in the autonomous vehicle market over time
Related blog posts
- A complete overview of funding deals in autonomous vehicles
- The startups that have raised the most funding in the autonomous vehicle market
- How strong is fundraising in the autonomous vehicle market right now?
