- Uber Technologies Inc UBER stock is up Tuesday after a new, multi-year pact with Google parent Alphabet Inc's GOOG GOOGL self-driving startup Waymo to make the Waymo Driver available to more people via the Uber platform starting in Phoenix.
- This integration will launch publicly later this year with a set number of Waymo vehicles across Waymo's newly expanded operating territory in Phoenix, including local deliveries and ride-hailing trips.
- Also Read: Uber's Q1 Performance Gets 5 Star Rating, Zooms Past Expectations, MAUs Touch 130M
- Uber users will be able to experience the safety and delight of the Waymo Driver on both the Uber and Uber Eats apps.
- Riders will also still be able to hail a Waymo vehicle directly through the Waymo One app.
- The collaboration comes a few weeks after Waymo's chief product officer Saswat Panigrahi shared plans to increase ridership tenfold by next summer.
- The deal with Uber also strengthens the long-term strategic partnership between Waymo Via, Waymo's autonomous trucking arm, and Uber Freight, Uber's logistics spinout, TechCrunch reports.
- Price Action: UBER shares traded higher by 0.56% at $39.39 on the last check Tuesday.
- Photo via Wikimedia Commons
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in