Written Question·Department for Business and Trade·UIN 118929

Wayve

Tabled: 9 March 2026

Answered: 12 March 2026

Named Day

Question

Gareth Davies

To ask the Secretary of State for Business and Trade, if he will make an estimate of the level of private capital the British Business Bank expects to crowd-in from their investment in Wayve.

Answer

Blair McDougall

The British Business Bank has invested £25 million in Wayve as part of a $1.2 billion Series D funding round, at a post-money valuation of $8.6 billion. Additional capital secured in parallel brings the total value of the raise to $1.5 billion.The Bank ha...

ⓘ

This is an extract from the Parliament API. Search the full answer on Parliament.uk (UIN 118929) →