Uber (NYSE: UBER) is selling its troubled self-driving vehicle unit to Amazon-backed Aurora as the tech giant continues to unload unprofitable business divisions and the industry moves away from robotaxis to autonomous trucking and food delivery.
As part of the equity deal, Uber will invest $400 million in Aurora and get a 26% stake in the company, an Aurora spokesperson told FreightWaves. Uber CEO Dara Khosrowshahi is joining the board.
The acquisition and Uber’s new investment brings Aurora’s...
https://www.freightwaves.com/news/uber-sells-autonomous-vehicle-unit-to-aurora