For more than a decade, investors have poured hundreds of billions of dollars into autonomous vehicles, backing companies racing to solve one of the most technically ambitious engineering problems of our time: replacing the human driver. That investment has produced remarkable progress. Commercial robotaxis now carry paying passengers in multiple cities, and the question is shifting from whether autonomous driving will work to how quickly it can scale.
The next major investment opportunity, however, may not be another vehicle or autonomy platform. It may be the physical infrastructure required to keep millions of autonomous vehicles operating—and the commercial real estate underneath it.
