Recently Google has been focusing less on their self-driving company, as the technology has developed further, it is now time to get things going.

To do that, Google has today announced that they have spun out their self-driving car project from its X Labs into a new company called Waymo.

Google has said that Waymo stands for “way forward in mobility”. and is set to be the name in which their first fully self-driving cars would be released under.

It will also live under Google’s parent company, Alphabet with some new individuality.

Google explained with the following statement:

For nearly eight years, we’ve been working towards a future without the tired, drunk or distracted driving that contributes to 1.2 million lives lost on roads every year. Since 2009, our prototypes have spent the equivalent of 300 years of driving time on the road and we’ve led the industry from a place where self-driving cars seem like science fiction to one where city planners all over the world are designing for a self-driven future.

Today, we’re taking our next big step by becoming Waymo, a new Alphabet business. Waymo stands for a new way forward in mobility. We’re a self-driving technology company with a mission to make it safe and easy for people and things to move around.

They also released the following video for a quick look at the new company.

You can read more about all of this at the source link below.

Source: Waymo

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