Toyota Is Set to Partner with Uber After a $500 Million Investment
PITTSBURGH, PA - SEPTEMBER 22: An Uber driverless Ford Fusion drives down Smallman Street on September, 22, 2016 in Pittsburgh, Pennsylvania. Uber has built its Uber Technical Center in Pittsburgh and is developing an autonomous vehicle that it hopes will be able to transport its millions of clients without the need for a driver. (Photo by Jeff Swensen/Getty Images)
After announcing plans to invest over $2.8 Billion in self-driving technologies, it looks like the Japanese car manufacturer is looking to further their work into the industry.
Specifically, Toyota and Uber have now teamed up with Toyota offering $500 million to the peer-to-peer ride-sharing company as a way of kicking off their upcoming partnership.As for what the upcoming partnership is, Uber will agree to use their own self-driving technology equipped on Toyota’s Sienna minivans as a part of their service titled “Autono-MaaS” with the project’s pilot set to take place in 2021.
As for what Uber’s CEO, Dara Khosrowshahi, had to say about this, he released a statement to the Wall Street Journal that read: “Uber’s advanced technology and Toyota’s commitment to safety and its renowned manufacturing prowess make this partnership a natural fit. I look forward to seeing what our teams accomplish together.”
