Uber Invests in SoftBank-Backed Self-Driving Software Firm Wayve
- The rideshare company declined to disclose the investment size
- Deal is the latest in a recent series of similar partnerships
The announcement follows a string of recent autonomous vehicle-related partnerships from Uber.
Photographer: David Paul Morris/BloombergUber Technologies Inc. is making a strategic investment in UK-based autonomous driving software provider Wayve Technologies Ltd., adding to a slew of partnerships the rideshare company has struck in a bid to position itself as a platform for commercializing autonomous vehicles.
Uber declined to disclose the size of the investment, which it said was small enough that it wasn’t required to publicly report it. The funding is an extension of a $1.05 billion Series C round in May that was led by SoftBank Group Corp. with participation from Nvidia Corp. and Microsoft Corp. With Uber’s funding and support, Wayve intends to “accelerate its work” with global auto manufacturers to equip consumer vehicles with its assisted and automated driving technologies, the companies said a joint statement.