11:06 - 16.04.2026

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April 16, Fineko/abc.az. Uber invested more than $10 bn in the purchase of self-driving cars and shares in development companies, ABC.AZ reports, referring to the Financial Times.

The company is moving away from the previous minimum asset model in order to strengthen its competitive position in the robotaxi market.

Over the past year, Uber has signed agreements with more than 10 companies, including Baidu and Rivian, and plans to launch robotaxis in at least 15 cities.

Overall investments include around $2.5 bn in partner capital and nearly $7.5 bn for the formation of a fleet of self-driving cars.

Uber expanded the deal with Lucid Motors up to $500 million and ordered at least 35,000 vehicles. After selling its drone technology division in 2020, the company is trying to catch up with competitors, but its shares have fallen by about 23% in six months due to investor concerns.