For the last five years, our phenomenal team at ATG has been at the forefront of this effort – and in joining forces with Aurora, they are now in pole position to deliver on that promise even faster,” said Khosrowshahi. “Few technologies hold as much promise to improve people’s lives with safe, accessible, and environmentally friendly transportation as self-driving vehicles. Uber said it would collaborate with Aurora in bringing driverless cars to its network in the coming years. ATG has grown to a venture with 1,200 employees. The deal will also give Aurora access to a carmaker, Japan’s Toyota, which has invested in ATG. Uber’s chief executive, Dara Khosrowshahi, will join Aurora’s board.
The ride-hailing company is selling the business, known as Advanced Technologies Group (ATG), for a reported $4bn (£3bn) to Aurora, a start-up that makes sensors and software for autonomous vehicles and is backed by Amazon and Sequoia Capital.Īs part of the deal, Uber is investing $400m in Aurora in return for a minority stake of 26%. Uber has ditched efforts to develop its own self-driving car with the multibillion-dollar sale of its driverless car division to a Silicon Valley startup.
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