Investments · Ride-hailing and self-driving
Toyota invests $500 million in Uber to develop self-driving cars
- Investor
- Toyota Motor (Toyota City, Aichi)
- In
- Uber Technologies, San Francisco, California
- Value
- $500M
- Status
- Completed in 2018.
- Date
- 2018-08-27
Toyota invested $500 million in Uber Technologies as part of a partnership to put Uber's self-driving technology into Toyota Sienna minivans for a ride-hailing service. The Wall Street Journal reported that the investment valued Uber at about $72 billion.
Why it matters
The investment showed Toyota working with a US ride-hailing platform as automakers looked for roles in future mobility services.
Sources
Kakehashi M&A News home
