Mubadala joins consortium to invest $2.25bn in Google-owned Waymo – The National

Mubadala joins consortium to invest $2.25bn in Google-owned Waymo – The National

Mubadala joins consortium to invest $2.25bn in Google-owned Waymo. Other co-investors include Silver Lake, the Canada Pension Plan Investment Board, Magna International and Andreessen Horowitz. Abu Dhabi's Mubadala Investment Company joined a consortium that will invest $2.25 billion (Dh8.26bn) in Waymo, the self-driving technology company owned by Google's parent Alphabet.. Other investors in the consortium include the US private equity company Silver Lake, the Canada Pension Plan Investment Board, automotive supplier Magna International, and venture capital firm Andreessen Horowitz, Mubadala said on Tuesday.. "Mubadala has built a strong portfolio of technology companies that are transforming sectors that are large, significant, and global," said Waleed Al Muhairi, Mubadala's deputy group chief executive and chief executive of alternative investments and infrastructure.. In addition to partnering with one of the world's leading technology companies, this is about investing in and backing one of the strongest management and technical teams in the industry.". "With this injection of capital and business acumen, alongside Alphabet, we'll deepen our investment in our people, our technology and our operations, all in support of the deployment of the Waymo Driver around the world," said John Krafcik, chief executive of Waymo.. Mubadala is also looking to "significantly" increase its investments