Uber’s Advanced Technologies Group (ATG) develops self-driving software, vehicle safety systems, mapping, and related hardware to enable automated ridesharing services. The group is focused on commercializing and mass-producing automated ridesharing vehicles, including planned pilot deployments of Toyota Sienna–based automated vehicles to Uber’s network in 2021. A newly formed ATG corporate entity was valued at $7.25 billion post‑money after a $1 billion strategic investment from Toyota, DENSO and the SoftBank Vision Fund. Toyota and DENSO together committed $667 million and SVF committed $333 million; Toyota previously invested $500 million in Uber in August 2018 and may contribute up to an additional $300 million over the next three years to cover related costs. The investment is intended to accelerate development and commercialization of automated ridesharing and deepen collaboration on next‑generation autonomous vehicle hardware. Uber says the ATG team is taking a holistic approach to bringing self-driving vehicles to market and notes the company has completed more than 10 billion trips to date; the transaction was expected to close in Q3 2019. Uber Technologies is a global transportation company operating a large ride‑sharing network. The company is collaborating with Toyota to develop and deploy autonomous ride‑sharing as a mobility service at scale. Technology from both companies will be integrated into purpose‑built Toyota vehicles based on the Sienna Minivan platform. Uber’s Autonomous Driving System and Toyota’s Guardian automated safety support system will both be integrated, and Toyota will utilize its Mobility Services Platform (MSPF) for connected‑vehicle infrastructure. The mass‑produced autonomous vehicles are expected to be owned and operated by mutually agreed third‑party autonomous fleet operators, with pilot deployments slated for 2021. Toyota has agreed to invest $500M in Uber to support the program; the investment and collaboration are subject to standard regulatory approvals. Uber operates a global ride-sharing platform connecting riders and drivers. The company says the SoftBank-led transaction strengthens governance as it doubles down on technology investments and expands services to more people and places worldwide. Uber confirmed SoftBank’s $1.2 billion primary direct investment has closed and that payments for secondary sales are being processed and distributed. Governance changes agreed as part of the deal are coming into effect, and SoftBank has become the company’s largest shareholder and secured new board positions. The deal values Uber at around $48 billion, a discount to its prior $69 billion valuation. Founder Travis Kalanick sold roughly 30% of his stake as part of the transaction and is now a billionaire. Uber is a ride‑hailing platform that provides on‑demand transportation services. The company recently sold a small, undisclosed stake to German media company Axel Springer. Axel Springer clarified to t3n.de that the investment was strictly financial rather than strategic. A Springer spokesperson told The Wall Street Journal the amount was "minimal," and the firm compared the deal to a similar minor stake it took in Airbnb in 2012. Axel Springer also noted it has made early‑stage investments in around 100 companies. The presence of a media owner among shareholders has drawn scrutiny, prompting Axel Springer to downplay the size of the stake. Uber operates a ridesharing platform that dominates the U.S. market and is pursuing global expansion. The company considers the Middle East a key area and has operated in Saudi Arabia since 2014. Uber also operates in Egypt and the United Arab Emirates and partners with government entities to hire and educate drivers. The company reported more than 395,000 active riders in the region and said about 80 percent of riders in Saudi Arabia are female. Uber said it can provide on-demand transportation solutions that align with Saudi Vision 2030 and support economic and social reforms. Financially, the company accepted a $3.5 billion investment from Saudi Arabia’s Public Investment Fund, its largest investment to date, bringing total cash and debt to more than $11 billion while maintaining a $62.5 billion valuation.

Total raised

$12.9B

Funding rounds

14

Latest round

Equity

Latest activity

Apr 2019