Hyperdrive

Uber Is Open to Outside Investment Into Self-Driving Car Unit

Group recently restarted road tests following Arizona crash
Same division also competing to commercialize flying cars

A pedestrian checks a mobile device in front of the Uber Technologies Inc. headquarters building in San Francisco, California, U.S.Photographer: David Paul Morris/Bloomberg

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By Erik Schatzker and Jeremy Kahn

January 23, 2019 at 10:48 AM UTC

Corrected

January 23, 2019 at 8:24 PM UTC

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Uber Technologies Inc. Chief Executive Officer Dara Khosrowshahi said it was "possible" the ride-hailing giant would look for outside investors for its self-driving car unit, but isn’t currently searching for backers.

The company’s pouring large, undisclosed sums of money into its Advanced Technologies Group, which includes the company’s self-driving car research as well as plans to build VTOL (vertical takeoff and landing) vehicles at scale and speed, with a goal of them becoming a mass-market technology.