Uber Technologies, Inc. (NYSE:UBER) is one of Motley Fool’s high-growth stock picks. On March 26, Uber Technologies, Inc. (NYSE:UBER) entered into a strategic collaboration with Verne and Pony.AI. The trios are joining forces to launch the first commercial robotaxi service in Europe, beginning in Zagreb, Croatia.
Is Uber Technologies, Inc. (UBER) One of Motley Fool’s High-Growth Stock Picks?
The companies are working on a commercial robotaxi service that will combine Pony.ai’s autonomous driving system, Uber’s global mobility platform, and Verne’s service ecosystem. Pony.ai will provide its autonomous driving solution, with Verne acting as the fleet owner. Uber is to integrate the service into its global ride-hailing network, and Verne will also complement its customer-facing platform.
The trio has already commenced on-road testing in Zagreb using Pony.ai’s Gen-7 autonomous driving system. Preparations for fare charging are already underway. As part of the strategic partnership, Uber plans to invest in Verne and support future expansion.
According to Dara Khosrowshahi, CEO of Uber, the strategic partnership underscores their commitment to making autonomous ride-hailing available to more riders and in more locations.
Uber Technologies, Inc. (NYSE:UBER) is a global technology platform that primarily operates as a ride-hailing service, connecting users with drivers through a smartphone app. It facilitates personal mobility (ridesharing), food delivery (Uber Eats), and freight transport. Uber also invests in autonomous vehicles and future transportation solutions.
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