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Uber in talks with banks, private equity firms to fund robotaxi expansion
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Uber is in talks with private equity firms and banks to secure funds to build its robotaxi business, CEO Dara Khosrowshahi said, as the ride-hailing giant bets on a mass roll-out of the nascent and much-scrutinised technology.
The company has been offering robotaxis from Alphabet-owned Waymo on its ride-hailing app in Austin and Atlanta. It also struck a $300 million partnership in July that will allow it to deploy more than 20,000 vehicles, made by electric-vehicle firm Lucid and powered by self-driving tech from Nuro, over six years.
Khosrowshahi on…
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