Uber is selling its autonomous vehicle business to Aurora Innovations, a San Francisco-based startup founded by the former head engineer of Google’s self-driving car project, the two companies announced Monday.
As part of the deal, Aurora’s self-driving cars will eventually operate on Uber’s ride-hailing platform. Uber will invest $400 million in Aurora and Uber CEO Dara Khosrowshahi will join the startup’s board of directors.
It’s unclear whether the acquisition will result in any layoffs. “Aurora has committed to making offers to the majority of ATG employees,” an Uber spokesperson said. “We are working through the details with Aurora and will notify our teams in the coming weeks.”
The deal marks the end of Uber’s ambitious dream of…
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Author: Andrew J. Hawkins