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uber/lyft autonomous vehicles

Uber Offloads Self-Driving Car Unit to Aurora and Invests $400 Million in It

By
Amir Efrati
· · Source: The Information

Uber is “selling” its self-driving car development unit to a rival autonomous vehicle developer, Aurora Innovation, and shaving off 15% of its total annual cash burn in the process. The move, in which Uber will invest $400 million in Aurora for a minority stake, mirrors a deal Uber struck in offloading its failing scooter-rental business to an existing rival in that field, a startup called Lime,...

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