Uber in January announced it had partnered with South Korean automaker Hyundai Motor Co to develop electric air taxis as part of its Elevate program. By Tina Bellon and Uday Sampath Kumar – Joby Aviation, an electric passenger aircraft developer, said on Tuesday it would take over Uber Technologies Inc‘s flying taxi unit, Elevate, the… Continue reading Joby Aviation takes over Uber’s air taxi business, Elevate
Tag: Uber
Uber: Uber Announces Pricing of $1.0 Billion Convertible Senior Notes Offering
SAN FRANCISCO–(BUSINESS WIRE)–Uber Technologies, Inc. (NYSE: UBER) today announced the pricing of $1.0 billion principal amount of 0% Convertible Senior Notes due 2025 (the “notes”) in a private placement to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”). Uber also granted the initial purchasers of… Continue reading Uber: Uber Announces Pricing of $1.0 Billion Convertible Senior Notes Offering
Joby Aviation is acquiring Uber’s Elevate as the ride-hailing giant continues to shed divisions during the pandemic
Joby Aviation will acquire Uber Elevate in another sell-off from the ride-hailing giant during the pandemic. Uber will invest $75 million in Joby Aviation which, combined with a previously undisclosed $50 million investment in January from Uber, brings the latter’s total fundraising haul to $820 million. Joby expects to begin flights with electric vertical take-off… Continue reading Joby Aviation is acquiring Uber’s Elevate as the ride-hailing giant continues to shed divisions during the pandemic
Aurora is Acquiring Uber’s Self-Driving Unit, Advanced Technologies Group, Accelerating Development of the Aurora Driver
Through a strategic partnership with Uber, Aurora paves a path for delivering the Aurora Driver broadly PITTSBURGH–(BUSINESS WIRE)–Aurora, the self-driving car company, announced today that they are acquiring Uber Technologies Inc.’s (NYSE: UBER) self-driving unit, Advanced Technologies Group (Uber ATG). ATG’s team and technology will accelerate Aurora’s mission and the delivery of our first product… Continue reading Aurora is Acquiring Uber’s Self-Driving Unit, Advanced Technologies Group, Accelerating Development of the Aurora Driver
Uber sells self-driving cars to focus on profits
Aurora, founded in 2017, said the deal will help it “accelerate” its mission to make self-driving cars a reality. Go to Source
Amazon-backed Aurora is buying Uber’s self-driving unit despite its terrible reputation. Its CEO explains why he sees value in the troubled program. (UBER)
Aurora Innovation is buying Uber’s autonomous-vehicle unit, Uber ATG. Uber ATG’s reputation has suffered from a fatal crash and reports of internal unrest. Aurora CEO Chris Urmson told Business Insider he’s been impressed with the determination and resilience ATG’s employees have displayed. He spoke highly of ATG’s safety infrastructure, software, computing hardware, and cameras. Are… Continue reading Amazon-backed Aurora is buying Uber’s self-driving unit despite its terrible reputation. Its CEO explains why he sees value in the troubled program. (UBER)
Uber sells self-driving unit Uber ATG in deal that will push Aurora’s valuation to $10B
Aurora Innovation, the autonomous vehicle startup backed by Sequoia Capital and Amazon, has reached an agreement with Uber to buy the ride-hailing firm’s self-driving unit in a complex deal that will value the combined company at $10 billion. Aurora is not paying cash for Uber ATG, a company that was valued at $7.25 billion following… Continue reading Uber sells self-driving unit Uber ATG in deal that will push Aurora’s valuation to $10B
Uber: Uber Announces Proposed Private Placement of $1.0 Billion of Convertible Senior Notes
SAN FRANCISCO–(BUSINESS WIRE)–Uber Technologies, Inc. (NYSE: UBER) today announced that it intends to offer, subject to market conditions and other factors, $1.0 billion principal amount of Convertible Senior Notes due 2025 (the “notes”) in a private placement to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities… Continue reading Uber: Uber Announces Proposed Private Placement of $1.0 Billion of Convertible Senior Notes
Uber sells ATG self-driving business to Aurora at $4 billion
FILE PHOTO: Uber’s logo is pictured at its office in Bogota, Colombia, December 12, 2019. REUTERS/Luisa Gonzalez (Reuters) – Uber Technologies Inc is selling its autonomous driving unit, Uber Advanced Technologies Group (ATG), to self-driving car startup Aurora, the companies said on Monday, in a move that would accelerate the ride-sharing company’s goal to achieve… Continue reading Uber sells ATG self-driving business to Aurora at $4 billion
Chinese Uber competitor DiDi unveiled a futuristic EV made specifically for ride-sharing — see the D1
DiDi Chuxing has unveiled a custom electric sedan built specifically for ride-shares: the D1. The D1 was built in partnership with electric vehicle maker BYD. The electric vehicle has features like a smart steering wheel, several touchscreens, and artificial intelligence systems. The D1s will be used by drivers across cities in China over the next several… Continue reading Chinese Uber competitor DiDi unveiled a futuristic EV made specifically for ride-sharing — see the D1