Uber’s Self-Driving Car Unit Gets $1 Billion Shot In The Arm From Toyota, Denso And SoftBank [Forbes]
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Source: Forbes
Uber’s Self-Driving Car Unit Gets $1 Billion Shot In The Arm From Toyota, Denso And SoftBank Uber’s self-driving car project, regaining its footing after a legal scrap Uber’s Advanced Technologies Group, or Uber ATG, is being set up as a stand-alone entity, the rideshare company said in a web post on Thursday evening $500 million investment Toyota made in Uber in 2018, and plans to supply the San Francisco-based company with a purpose-built automated rideshare vehicle Their partnership is geared toward preparing for "mass production and commercialization of automated ridesharing vehicles and services," Uber said. To that end, Toyota will also invest up to $300 million more over the next three years. “This investment and our strong partnership with the Toyota Group are a testament to the incredible work of our ATG team to date, and the exciting future ahead for this important project, alongside great partners,” Uber CEO Dara Khosrowshahi said in the post. “The development of automated
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