Robotics & Automation News

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ridesharing

Toyota, Denso, and SoftBank pledge another $1 billion investment for Uber

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Taxi-sharing app maker Uber has been promised $1 billion in investment from companies including Toyota, Denso, and SoftBank Vision Fund.

The new funds will help accelerate the development and commercialization of its ridesharing services, says Uber in a statement.

Under the terms, Toyota and Denso will together invest $667 million and SVF will invest $333 million, valuing the new “Uber Advanced Technologies Group” entity at $7.25 billion on a post-money basis. [Read more…] about Toyota, Denso, and SoftBank pledge another $1 billion investment for Uber

Carsharing startup Ridecell closes $30 million new funding round

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Ridecell, the platform for carsharing, ridesharing, and autonomous fleet operators, has closed its Series B funding round of $28.61 million.

The investment round was led by Cox Automotive, with participation from return investor Initialized Capital.

Additional funding came from industry partners across the mobility ecosystem, including Denso, Penske, Deutsche Bahn and Mitsui.  [Read more…] about Carsharing startup Ridecell closes $30 million new funding round

Toyota teams up with Uber with a view to driverless taxi future

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toyota uber

Toyota and Uber have entered a partnership with a view to developing driverless taxis of the future, although the initial developments will be in ridesharing services. 

The two companies say they will explore collaboration, starting with trials, in the world of ridesharing in countries where ridesharing is expanding, taking various factors into account such as regulations, business conditions, and customer needs.

As part of the partnership, Toyota Financial Services Corporation and Mirai Creation Investment Limited Partnership are making a strategic investment in Uber.  [Read more…] about Toyota teams up with Uber with a view to driverless taxi future

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