Uber wins $1bn investment from Toyota, SoftBank fund

Uber CEO Dara Khosrowshahi announced this evening a $1 billion investment from Japanese conglomerate SoftBank’s Vision Fund, car maker Toyota, and automative component supplier Denso. The news confirms an article from The Wall Street Journal published earlier this week reporting that Uber was close to securing funding for its autonomous division, called Uber Advanced Technologies Group, or UberATG. Khosrowshahi announced the investment with a tweet, which included a photo of the chief executive alongside executives from SoftBank, Toyota, and Denso. According to the accompanying press release, the capital injection values Uber’s self-driving unit at $7.25 billion, ahead of the company’s official initial public offering likely later this... Continue reading…

Uber wins $1bn investment from Toyota, SoftBank fund

Japanese car giant Toyota and investment fund SoftBank Vision Fund on Friday unveiled an investment of $1 billion in US company Uber to drive forward the development of driverless ridesharing ...

Fri 19 Apr 19 from Phys.org

Uber sets IPO in motion, seeks to 'ignite opportunity'

Uber filed documents Thursday for its much-anticipated public share offering expected to be the largest in the tech sector in years, and a bellwether for other venture-backed startups eyeing ...

Fri 12 Apr 19 from Phys.org

Uber's self-driving car unit valued at $7.3bn as it gears up for IPO

US firm received $1bn from consortium including Toyota and Saudi ArabiaUber’s self-driving car unit has been valued at $7.3bn (£5.6bn), after receiving $1bn of investment by a consortium ...

Fri 19 Apr 19 from Guardian.co.uk

Toyota leads $1B investment in Uber’s self-driving tech

This is the third time in three years that Toyota has invested in Uber.

Fri 19 Apr 19 from Arstechnica

Uber self-driving tech group receives $1B investment led by Toyota - Roadshow

Toyota and Uber are working on self-driving minivans.

Fri 19 Apr 19 from CNET

Uber’s self-driving car unit raises $1B from Toyota, Denso and Vision Fund ahead of spin-out

Uber’s has confirmed it will spin out its self-driving car business after the unit closed $1 billion in funding from Toyota, auto-parts maker Denso and SoftBank’s Vision Fund. The ...

Fri 19 Apr 19 from TechCrunch

Uber's self-driving unit gets its own CEO and a $1 billion investment

As Uber finally closes in on its IPO, its self-driving car unit is getting a big cash infusion and some independence. The company announced tonight that Toyota, Denso and Softbank are ...

Fri 19 Apr 19 from Engadget

Uber's self-driving car unit grabs $1 billion in investment

Uber's self-driving car unit has lured $1 billion in investment ahead of the company's hotly anticipated stock market debut.

Thu 18 Apr 19 from CNN

Uber's self-driving unit valued at $7.25 billion in new investment

Uber's autonomous vehicle unit has raised $1 billion from a consortium of investors including SoftBank Group Corp, giving the company a much-needed funding boost for its pricey self-driving ...

Thu 18 Apr 19 from Reuters Technology

Uber’s self-driving unit gets $1 billion investment from SoftBank and Japan’s auto industry

Uber CEO Dara Khosrowshahi announced this evening a $1 billion investment from Japanese conglomerate SoftBank’s Vision Fund, car maker Toyota, and automative component supplier ...

Thu 18 Apr 19 from The Verge

Total number of sources: 16

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