Latham Advises Wayve as the UK Self-driving Firm Secures US$1.5 Billion to Deploy its Global Autonomy Platform

Latham & Watkins has advised Wayve, the leader in embodied AI for autonomous driving, as it secured US$1.5 billion to deploy its global autonomy platform.  

Wayve closed a US$1.2 billion Series D investment round at a post-money valuation to US$8.6 billion led by financial investors, with participation from Microsoft, NVIDIA, and Uber, alongside investment from global automakers Mercedes-Benz, Nissan, and Stellantis. Uber will invest additional milestone-based capital to scale Wayve-powered robotaxi deployments globally, within the broader US$1.5 billion of capital secured to support commercial rollout.

The Latham team was led by London partner Shing Lo, with associates Ryan Martin, Toni Adejuyigbe and Cyrus Fung. Advice was also provided on tax matters by London partner Sean Finn.