How much is Uber investing in autonomous vehicle technology?

Uber is committing over $10 billion to autonomous vehicle technology, including direct investments and robotaxi purchases.

What is Uber's new strategy regarding autonomous vehicles?

Uber's new strategy focuses on owning physical assets like robotaxis, marking a shift towards an asset-heavy approach.

Which other mobility startups have recently raised significant funding?

Slate raised $650 million, Glydways raised $170 million, and Loop raised $95 million in recent funding rounds.

Home / Technology / Uber Bets Big on Robotaxis: $10B Investment

Uber Bets Big on Robotaxis: $10B Investment

19 Apr

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Summary

Uber is committing over $10 billion to autonomous vehicle technology.
This includes $2.5 billion in direct investments and $7.5 billion for robotaxi purchases.
The company is shifting to owning physical assets in a new strategy.

Uber Bets Big on Robotaxis: $10B Investment

Uber is making a significant commitment to autonomous vehicle technology, with estimates placing its investment at over $10 billion. This figure includes approximately $2.5 billion in direct equity stakes and investments in various AV developers, alongside a projected $7.5 billion for the purchase of robotaxis in the upcoming years. This move represents a new phase for Uber, leaning towards owning physical assets rather than solely focusing on in-house development, a departure from its earlier asset-light model.

Previously, Uber invested heavily in internal projects like Uber Elevate and Uber ATG between 2015 and 2018, acquiring companies like Otto and Jump. However, in 2020, Uber divested these units to companies such as Aurora, Joby Aviation, and Lime, while retaining equity. The current strategy appears to focus on fleet ownership, potentially through leasing or purchasing vehicles from external developers. This approach could reshape Uber's balance sheet and its future operational landscape, potentially aligning with the vision of former CEO Travis Kalanick.