Business · TechCrunch AI
Uber sold Uber ATG to Aurora, Jump to Lime, and Elevate to Joby Aviation
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Uber is now entering into a new and different asset-heavy era.
Key facts
- Glydways, a San Francisco-based startup developing personal autonomous pods designed to operate on dedicated 2-meter-wide lanes in cities, raised $170 million in a Series C funding round co-led
- Slate has raised about $1.4 billion to date, and its previous investors include General Catalyst, Jeff Bezos’ family office, VC firm Slauson & Co
- Loop, a San Francisco-based startup, raised $95 million in a Series C funding round led by Valor Equity Partners and the Valor Atreides AI Fund, and includes investments from 8VC, Founders Fund
- About $2.5 billion of that is in direct investments, with the remaining $7.5 billion to be spent on buying robotaxis over the next few years, the outlet reported
Summary
Welcome back to TechCrunch Mobility, your hub for the future of transportation and now, more than ever, how AI is playing a part. A few weeks ago, the reporter wrote about how Uber seemed to be everywhere, all at once in the emerging autonomous vehicle technology sector. They've reported on Uber’s numerous investments and deals with autonomous vehicle companies across drones, robotaxis, and freight. This rather large number (and particularly that $7.5 billion) got me thinking about another transformative era in Uber’s history and how it has visited these asset-heavy shores before. Uber went on a moonshot spree between 2015 and 2018.