- Date: 11/08/2020
In the Town of Innisfil, Ontario, the costs of subsidizing Uber are now more than it would have cost for…
Uber is looking to sell its self-driving car division, officially known as the Uber Advanced Technologies Group, as it narrows its focus on its core business.
As recently as eighteen months ago, Uber Advanced Technologies Group was valued at $7.25 billion following $1 billion in investments from the likes of Toyota, DENSO, and SoftBank’s Vision Fund. Fast forward to November 2011 and autonomous vehicle startup Aurora Innovations is in the box seat to purchase Uber ATG.
Have more mobility news that we should be reading and sharing? Let us know! Reach out to Kirby Wilhelm (firstname.lastname@example.org).