Element partners with Waymo to enable the future of autonomous mobility at scale

Executive Summary

• Element Fleet Management Corp. announced a strategic multi-year partnership with Waymo to provide end-to-end fleet management and operational services for the large-scale deployment of autonomous vehicle (AV) fleets.
• The collaboration will initially launch in San Diego, with plans to expand to additional markets over time.
• The partnership combines Element's global fleet scale, operational expertise, and infrastructure management with Waymo's autonomous driving technology and ride-hailing platform to ensure reliable, scalable AV operations.

Key Details

• Partnership Structure: Strategic multi-year agreement facilitated through Element Mobility.
• Initial Deployment: San Diego, with expansion to additional markets planned.
• Element's Operational Scope: Vehicle lifecycle management, charging infrastructure and energy management, maintenance coordination, and operational fleet optimization to ensure high vehicle readiness and service reliability.
• Waymo's Operational Scope: Maintains responsibility for the Waymo Driver's validation and performance; will offer ride-hailing services to the public via the Waymo app.
• Strategic Rationale: Leverages Element's capital strength, global operational expertise, and intelligent mobility capabilities alongside Waymo's advanced AV technology and ride-hailing demand platform.
• Company Scale Context: Element manages over 1.5 million vehicles globally and identified over $1.6 billion in cost savings opportunities across client fleets in the past year.

Notable Quotes

• David Madrigal, Executive Vice President and Chief Commercial Officer, Element Fleet Management: "Autonomous mobility succeeds through operational intelligence, disciplined execution, and the ability to perform reliably across markets... Together, we are enabling Waymo to scale autonomous mobility efficiently, reliably, and at a premium standard across markets."
• Nicole Gavel, Head of Business Development and Strategic Partnerships, Waymo: "Scaling autonomous mobility requires partners with proven operational discipline and global fleet expertise. Element brings the infrastructure, execution, and scale needed to deploy and operate Waymo's autonomous fleet reliably."