Uber is offloading as a lot as it could because the pandemic continues to decimate demand for ride-hailing.
On Monday, self-driving know-how firm Aurora introduced it was buying Uber’s Superior Applied sciences Group, or ATG, which homes its self-driving car unit.
As a part of the deal, Uber is investing $400 million in Aurora, and Uber CEO Dara Khosrowshahi will be a part of the Aurora board. Now, Amazon-backed Aurora is valued at $10 billion.
This hasn’t been the one pandemic negotiation from Uber. The corporate is reportedly in talks with Joby Aviation to take over its Elevate flying taxi division. Again in Could, Uber dumped its electric bicycle and scooter rental business, Jump, onto Lime. Now it is ditching its self-driving automobiles.
In March 2021 will probably be three years since an Uber self-driving automobile struck and killed a woman strolling a bicycle throughout an Arizona avenue. Whereas Aurora made certain to spotlight Uber’s reworked know-how and thorough security procedures within the announcement in regards to the acquisition, it conspicuously glossed over what prompted the overhaul to principally every thing about Uber’s autonomous automobiles.
An Aurora spokesperson mentioned, “Uber ATG has an extremely gifted staff, who has made great strides in autonomous know-how and security.” The corporate is “working immediately” with Uber workers throughout the transition, so it appears like there should not be layoffs immediately.
Aurora has targeted on self-driving trucks extra lately, however the acquisition strikes the corporate up entrance for passenger pick-ups and self-driving taxi providers. That is Uber’s bread and butter.
Uber self-driving automobile improvement had slowed down up to now yr, however its newest improvement was a self-driving car with Volvo. Aurora did not announce something about persevering with the Volvo partnership, however a spokesperson mentioned, “We’re at all times open and to work with world-leading companions like Volvo.”