Uber in talks with banks, private equity firms to fund robotaxi expansion

By Akash Saram

(Reuters) -AlopUberCEO Dra Khosrshehi said that talks with private stock companies and banks to secure funds to build their robotics businesses.

The company provides robots from Waymo, owned by the alphabet, to its application to horseback riding in Austin and Atlanta. It also led to a 300 million dollar partnership in July, which will allow it to deploy more than 20,000 cars, by a clear electric car company and is occupied by self -driving technology from Noro, for six years.

On Wednesday, Khosrowshahi blocked the link as part of a larger plan that includes three robotics business models: the partners who own such vehicles have paid a fixed price, exchanged revenues with fleet operators and owned vehicles during self -driving technology licensing programs.

“We are talking to private stock players, we have talked to banks,” said CEO. “Once we prove the revenue model, how much these cars can be born on a daily basis, there will be a lot of funding for wrapping.”

Currently, Uber said it is planning to use a “modest” part of about $ 7 billion in the annual cash flows to finance the publishing operations. She might sell minorities in companies to help expand.

Analysts said that the Mass Robotaxi deployment can reduce the driver -based Uber operating costs and reinforcement of profitability.

Despite the strong organizational scrutiny and doubts about the broader adoption, many companies including Tesla and Tesla Market Leader Waymo are rushing to put robotics, which is the work that Elon Musk said that its value is value trillion dollars.

Waymo is located in five American cities including San Francisco, while Tesla launched a roboti service in Austin in June and began ride operations in the Gulf region last month.

Uber said he has not yet seen any changes in the request directions in Austin or San Francisco since the launch of the Robotaxi service in Tesla in cities.

“For many of these companies, it seems that this will be an interesting endeavor … as there are noble predictions about the total Robotaxi industry market,” said Ken Mahouni, CEO of Mahouni Asset Company.

(Akash Sardam reports in Bangaluru; Editorial by Aditia Sony and Shinjini Gangouli)