Mexican Media Brands
Uber’s Self-Driving Tech Unit Worth $7.3 Billion?
Uber Technologies Inc.’s autonomous-car unit would be valued at $7.3 billion under a proposed new investment deal.
#economics
Share
Uber Technologies Inc.’s autonomous-car unit would be valued at $7.3 billion under a proposed new investment deal.
The funding would involve a combined $1 billion investment into the ride-share service provider’s Advanced Technologies Group by Denso and current Uber shareholders SoftBank Vision Fund and Toyota, sources tell The Wall Street Journal.
The deal could be announced within days, the newspaper says.
The scheme would enable Uber to retain operational control of ATG while offsetting part of unit’s hefty spending development costs. Some Uber shareholders have been pressing the company to shed the group, which has burned through some $1 billion in the past three years.
The deal also would buttress Uber’s planned initial public offering next month. The IPO is widely expected to value Uber at about $100 billion and raise about $10 billion for the company.
RELATED CONTENT
-
on lots of electric trucks. . .Grand Highlander. . .atomically analyzing additive. . .geometric designs. . .Dodge Hornet. . .
EVs slowdown. . .Ram’s latest in electricity. . .the Grand Highlander is. . .additive at the atomic level. . .advanced—and retro—designs. . .the Dodge Hornet. . .Rimac in reverse. . .
-
On Electric Pickups, Flying Taxis, and Auto Industry Transformation
Ford goes for vertical integration, DENSO and Honeywell take to the skies, how suppliers feel about their customers, how vehicle customers feel about shopping, and insights from a software exec
-
The Koenigsegg Jesko Has An Amazing Engine
It is hard to believe that this is a vehicle in “serial” production with such extraordinary powertrain performance
