Apple Spent Billions Chasing A Self-Driving Car, Then Walked Away—Waymo Now Bought The Test Site For $220 Million

Alphabet Inc.-backed (NASDAQ:GOOGL) (NASDAQ:GOOG) Waymo has reportedly acquired Apple Inc.‘s (NASDAQ:AAPL) self-driving proving facility in Arizona for $220 million. Waymo Acquires Apple Facility On Monday, the Phoenix Business Journal first reported that Waymo acquired the property from Delaware-based Route 14 Investment Partners LLC, which is associated with Apple. The 5,500-acre facility includes a 115-acre city…


Apple Spent Billions Chasing A Self-Driving Car, Then Walked Away—Waymo Now Bought The Test Site For 0 Million

Alphabet Inc.-backed (NASDAQ:GOOGL) (NASDAQ:GOOG) Waymo has reportedly acquired Apple Inc.‘s (NASDAQ:AAPL) self-driving proving facility in Arizona for $220 million.

Waymo Acquires Apple Facility

On Monday, the Phoenix Business Journal first reported that Waymo acquired the property from Delaware-based Route 14 Investment Partners LLC, which is associated with Apple. The 5,500-acre facility includes a 115-acre city course, as well as a four-mile oval track and a freeway course.

Read Also: Tesla Removes Robotaxi Safety Monitors And Widens Austin Map, But Fleet Shrinks To 20 Cars

Waymo didn’t immediately respond to Benzinga‘s request for comment.

Apple acquired it for $125 million in 2021, with the Cupertino-based giant undertaking development efforts for proprietary self-driving technology since 2014 under the project “Titan” initiative. However, it was ultimately scrapped in 2024 after having spent over $1 billion annually on the project.

Waymo’s Uber Solution, Robotaxi Recall

While Waymo has been at the forefront of the U.S. Robotaxi revolution, the company has faced a few hiccups recently, with a Waymo customer reportedly asking to hail an Uber Technologies Inc. (NYSE:UBER) or a Lyft Inc. (NASDAQ:LYFT) cab after the Robotaxi abruptly ended the ride.

Waymo also operates in cities like Atlanta in partnership with Uber. However, some of the ride-hailing giant’s executives painted AV-only operators like Waymo as less scalable and less reliable. The executives, instead, touted a hybrid approach with human drivers and Robotaxis being offered on ride-hailing platforms.

The operator also issued a recall for over 3,791 autonomous vehicles after a software glitch affecting its latest self-driving stack came to light. The issue stems from a glitch that could likely cause the Robotaxis to drive onto flooded roads.

Following the reports, a Waymo spokesperson said that the company had filed a “voluntary recall” with the authorities after identifying an “area of improvement regarding untraversable flooded lanes” specific to highways. Notably, Waymo currently operates in more than 10 cities across the U.S.

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Price Action: Alphabet shares were down 0.08% at $363.03 during the after-hours session on Monday.

Read Also: Cathie Wood Asks Elon Musk How Tesla Handles ‘Parking And Traffic Violations’ After The Robotaxi She Rode Gets $75 Ticket

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