Alphabet Gets CPUC Permit, Boosts Self-Driving Initiatives
Zacks Investment Research | Jul 03, 2019 08:46AM ET
Here is another piece of good news for Alphabet’s (NASDAQ:GOOGL) self-driving unit Waymo. Waymo has been granted a permit to offer self-driving car rides to public in California, which is another feather on its self-driving initiatives.
The latest announcement makes Alphabet-owned Waymo the fourth company to get permission from the California Public Utilities Commission (CPUC) to carry passengers in autonomous vehicles.
However, there are a few important things to be taken care of. The company needs to have a safety driver to take care during any emergency or untoward incident. In addition, none of the passengers could be charged for the service at this point of time.
Notably, Zoox Inc. had won the first permit last December to carry passengers in self-driving cars, followed by two China-based companies, namely Pony.ai and AutoX.
Notably, the latest advancement will help it in gaining momentum among consumers who are eagerly waiting to avail the driverless technology. This service, maybe in the long term, is going to aid the company’s revenue generation, which will in turn drive top-line growth.
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