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CEO Sanjay Pai has expressed optimism about Wayo's trajectory, citing plans to expand into other cities and even internationally into Japan. However, despite this optimism, expansion has been slow, primarily due to the high costs associated with developing and scaling autonomous technology. Wayo currently operates only a fleet of 700 cars, making one wonder about its ability to scale effectively in an increasingly crowded marketplace.
The Competitive Landscape
While Wayo garners attention for its autonomous ride-hailing service, competitors such as Tesla and Cruise present formidable challenges. Despite Cruise's recent struggles, having incurred substantial financial losses and disbanded its executive team post-controversies, the best player in this field remains a topic of debate.