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00:02Alphabet self-driving unit Waymo plans to expand its vehicle fleet five-fold to 20,000 by the end
00:08of 2027, according to Reuters. The company currently operates 4,000 vehicles and aims
00:13to double that number to 8,000 by the end of this year. Waymo plans to fund the expansion
00:18using a $5 billion loan secured earlier this month from lenders including Pimco, Blackstone,
00:23and Sixth Street. The company operates in 15 U.S. cities and has announced plans to launch rides
00:28in London, Tokyo, Singapore, and Canada. Earlier this year, Waymo completed a $16 billion equity
00:34funding round that valued the company at $126 billion. Waymo has not commented on the report.
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