ETFOptimize | High-performance ETF-based Investment Strategies

Quantitative strategies, Wall Street-caliber research, and insightful market analysis since 1998.


ETFOptimize | HOME
Close Window

Uber and Avride Announce Autonomous Delivery and Mobility Partnership

Uber Technologies, Inc. (NYSE: UBER) and Avride today announced a multiyear strategic partnership to bring Avride’s delivery robots and autonomous vehicles to Uber and Uber Eats.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241003267153/en/

Uber and Avride Announce Autonomous Delivery and Mobility Partnership (Photo: Business Wire)

Uber and Avride Announce Autonomous Delivery and Mobility Partnership (Photo: Business Wire)

The delivery partnership will launch first with sidewalk robots on Uber Eats in Austin in the coming weeks, before expanding to Dallas and Jersey City, New Jersey, later this year. The mobility partnership is expected to launch for riders in Dallas later next year.

After launch, when a consumer requests a qualifying delivery or ride on the Uber Eats or Uber apps, they may be presented with the option to have that trip fulfilled by an Avride delivery robot or autonomous vehicle.

Avride has a unique advantage from developing and operating both autonomous cars and delivery robots that leverage mutually enhancing technologies. The company’s delivery robots are already making commercial deliveries in the U.S. and South Korea, while its autonomous cars are currently being tested on public roads.

Dmitry Polishchuk, CEO of Avride said: “We are excited to partner with Uber as we scale our operations and work together to further improve the delivery experience for both consumers and merchants. We plan to expand the total fleet of Avride robots operating within Uber Eats to hundreds in 2025, followed by the launch of our robotaxi service.”

Dara Khosrowshahi, CEO of Uber said: “Autonomous mobility and delivery hold a ton of promise for consumers and communities. We’re excited to partner with Avride to bring their technology to more people in more places, as they continue to scale.”

About Uber

Uber’s mission is to create opportunity through movement. We started in 2010 to solve a simple problem: how do you get access to a ride at the touch of a button? More than 52 billion trips later, we’re building products to get people closer to where they want to be. By changing how people, food, and things move through cities, Uber is a platform that opens up the world to new possibilities.

About Avride

Avride is a U.S.-based autonomous vehicle startup headquartered in Austin, TX, with additional R&D hubs around the world. We develop and operate both autonomous cars and delivery robots that utilize shared technologies. Since 2017 we’ve been building our expertise in autonomous technologies to create solutions that address current needs and anticipate future demands.

Contacts

Stock Quote API & Stock News API supplied by www.cloudquote.io
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms Of Service.


 

IntelligentValue Home
Close Window

DISCLAIMER

All content herein is issued solely for informational purposes and is not to be construed as an offer to sell or the solicitation of an offer to buy, nor should it be interpreted as a recommendation to buy, hold or sell (short or otherwise) any security.  All opinions, analyses, and information included herein are based on sources believed to be reliable, but no representation or warranty of any kind, expressed or implied, is made including but not limited to any representation or warranty concerning accuracy, completeness, correctness, timeliness or appropriateness. We undertake no obligation to update such opinions, analysis or information. You should independently verify all information contained on this website. Some information is based on analysis of past performance or hypothetical performance results, which have inherent limitations. We make no representation that any particular equity or strategy will or is likely to achieve profits or losses similar to those shown. Shareholders, employees, writers, contractors, and affiliates associated with ETFOptimize.com may have ownership positions in the securities that are mentioned. If you are not sure if ETFs, algorithmic investing, or a particular investment is right for you, you are urged to consult with a Registered Investment Advisor (RIA). Neither this website nor anyone associated with producing its content are Registered Investment Advisors, and no attempt is made herein to substitute for personalized, professional investment advice. Neither ETFOptimize.com, Global Alpha Investments, Inc., nor its employees, service providers, associates, or affiliates are responsible for any investment losses you may incur as a result of using the information provided herein. Remember that past investment returns may not be indicative of future returns.

Copyright © 1998-2017 ETFOptimize.com, a publication of Optimized Investments, Inc. All rights reserved.