TechCrunch Mobility: Uber enters its assetmaxxing era
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- Uber commits over $10 billion to autonomous vehicles, per Financial Times calculations.
- Uber earmarks $2.5 billion for direct equity stakes and $7.5 billion for buying robotaxi fleets in the coming years.
- Uber sold its ATG unit to Aurora, Jump to Lime, and Elevate to Joby Aviation in 2020, retaining equity stakes in each.
- Uber holds equity in WeRide, Lucid, Nuro, Rivian, and Wayve as part of its broader autonomous‑vehicle portfolio.
- Financial Times derived the $10 billion figure from public records and insider discussions.
Why it matters: Uber's $7.5 billion robotaxi purchases will boost its balance‑sheet assets, rewarding shareholders and giving autonomous startups a major customer, while reducing competition from in‑house developers and speeding driverless‑ride rollout.
