Uber in talks with banks, private equity firms to fund robotaxi expansion

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Uber is in talks with private equity firms and banks to secure funds to build its robotaxi business, CEO Dara Khosrowshahi said, as the ride-hailing giant bets on a mass roll-out of the nascent and much-scrutinised technology.

The company has been offering robotaxis from Alphabet-owned Waymo on its ride-hailing app in Austin and Atlanta. It also struck a $300 million partnership in July that will allow it to deploy more than 20,000 vehicles, made by electric-vehicle firm Lucid and powered by self-driving tech from Nuro, over six years.

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Uber in talks with banks, private equity firms to fund robotaxi expansion



Uber is in talks with private equity firms and banks to secure funds to build its robotaxi business, CEO Dara Khosrowshahi said, as the ride-hailing giant bets on a mass roll-out of the nascent and much-scrutinised technology.

The company has been offering robotaxis from Alphabet-owned Waymo on its ride-hailing app in Austin and Atlanta. It also struck a $300 million partnership in July that will allow it to deploy more than 20,000 vehicles, made by electric-vehicle firm Lucid and powered by self-driving tech from Nuro, over six years.

Khosrowshahi on…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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