Cooley Advised Uber on Waabi’s $1 Billion Financing

Cooley Advised Uber on Waabi’s $1 Billion Financing

Cooley advised Uber Technologies (Uber) on its exclusive partnership with Waabi to deploy robotaxis powered by the Waabi Driver on the Uber platform. As part of this strategic partnership, Uber invested in Waabi’s Series C financing round and will invest additional milestone-based capital to support the development of Waabi’s robotaxis and the deployment of Waabi Driver-powered robotaxis over time, substantially accelerating the adoption of robotaxis at scale.

Cooley previously advised Uber on various corporate and litigation matters, including its landmark $8.1 billion initial public offering in 2019 and $33+ billion of bond and note offerings, term loans and revolving credit facilities since 2015 – such as its $4 billion investment-grade bond offering in 2024, $5 billion investment-grade revolving credit facility in 2024 and $1 billion exchangeable senior notes offering (exchangeable into shares of Class A common stock of Aurora Innovation) in 2025 – and its strategic investment and other commitments in Avride in October 2025.

The Cooley team was led by Carlos Ramirez (Partner), David Peinsipp (Partner) and Jacob B. Hanna (Partner).

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