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Uber sells self-driving car division
08.12.2021 [07:56],
Sergey Karasev

Uber, which created the platform of the same name to find, call and pay for taxis or private drivers, has closed a deal to sell a division responsible for developing technologies for self-driving vehicles.

Photos Uber

We are talking about the Advanced Technologies Group (ATG). Specialists of this group are engaged in the development of autopilot systems, as well as related safety systems.

It is reported that the buyer of the Advanced Technologies Group division was made by Aurora, a startup specializing in the creation of robotic vehicles. Aurora’s CEO is Chris Urmson, who previously led Google’s self-driving car project.

The amount of the transaction is not disclosed, but it is said that after gaining control over Advanced Technologies Group, the capitalization of Aurora will reach approximately $ 10 billion. What’s more, as part of the deal, Uber will invest $ 400 million in Aurora to accelerate the development and market launch of advanced self-driving technologies.

Acquisition of Advanced Technologies Group will enable Aurora to accelerate the creation of robotic trucks. In the future, self-government technologies are planned to be introduced to the passenger transport market.