![]() ![]() It will also prepare the companies and industry for mass production and commercialization of automated ridesharing vehicles and services. Today’s further investment and expanded partnership builds upon the progress made to date, deepening the companies’ collaboration in designing and developing next-generation autonomous vehicle hardware. Toyota invested $500 million in Uber in August 2018, when the two companies announced their intention to bring pilot-scale deployments of automated Toyota Sienna-based ridesharing vehicles to the Uber ridesharing network in 2021, leveraging the strengths of Uber ATG’s self-driving technology alongside the Toyota Guardian™ advanced safety support system. Under the terms, Toyota and DENSO will together invest $667 million and SVF will invest $333 million, valuing the new Uber ATG entity at $7.25 billion on a post-money basis. The investment, in a newly formed ATG corporate entity, aims to accelerate the development and commercialization of automated ridesharing services. ![]() (Toyota), DENSO Corporation (DENSO) and the SoftBank Vision Fund (SVF) announced today that they will invest $1 billion in Uber Technologies Inc.’s Advanced Technologies Group (Uber ATG). ![]() SAN FRANCISCO and TOKYO – Ap– Toyota Motor Corp. Expanded partnership to accelerate development and deployment of automated ridesharing services. ![]()
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