Toyota invests in Uber

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Toyota has announced that the company will invest 500 million dollar in Uber. Both companies agreed to implement Uber’s self-driving technologies in future Toyota vehicles. In 2021, they will start a pilot programme.

Technology from both companies will be integrated into purpose-built Toyota vehicles that can be deployed on Uber’s ride-sharing network. Uber’s and Toyota’s system will independently monitor the vehicle environment. According to Toyota, this agreement is a milestone in transforming the company into a mobility company.

More information and source: https://newsroom.toyota.co.jp/en/corporate/24330817.html