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 Lincoln-Shinola, Euro EV Sales, Engineered Carbon, and more
On a Lincoln-Shinola concept, Euro EV sales, engineered carbon for fuel cells, a thermal sensor for ADAS, battery analytics, and measuring vehicle performance in use with big data
-
On The German Auto Industry
A look at several things that are going on in the German auto industry—from new vehicles to stamping to building electric vehicles.
-
On Global EV Sales, Lean and the Supply Chain & Dealing With Snow
The distribution of EVs and potential implications, why lean still matters even with supply chain issues, where there are the most industrial robots, a potential coming shortage that isn’t a microprocessor, mapping tech and obscured signs, and a look at the future
