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Toyota to invest 500 million USD in Uber for Automated Technologies

August 28, 2018, 11:36 AM IST by Santosh Nair
Toyota to invest 500 million USD in Uber for Automated Technologies

> The agreement comes after both companies agreed to expand their collaboration to bring autonomous ride-sharing as a mobility service to the masses.

> Pilot-scale deployments to begin on the Uber network in 2021

> Toyota's investment in Uber and the proposed collaboration are subject to standard regulatory approval


Toyota Motor Corporation has announced that they are investing 500 million USD in Uber. Since the intent is to offer autonomous ride-sharing on a large scale, technology from each company will be integrated into specifically designed Toyota vehicles that will then be deployed on Uber's ride-sharing network.

Toyota has stated that the initial "Autono-MaaS" (autonomous-mobility as a service) fleet will be based on Toyota's Sienna Minivan platform. Uber's Autonomous Driving System and the Toyota Guardian automated safety support system will both be integrated into the Autono-MaaS vehicles. Toyota will also utilise its Mobility Services Platform (MSPF), its core information infrastructure for connected vehicles for this project. 

As Uber and Toyota look ahead to a self-driving future, this partnership will be critical in realizing self-driving technology on a large scale. 

 

Tags:Toyota
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