Latest news with #Mpilot
CNBC
02-05-2025
- Automotive
- CNBC
Uber inks robotaxi deal with Momenta to launch service in Europe next year
Uber said on Friday that it's partnering with Chinese self-driving startup Momenta to launch robotaxi services outside of the U.S. and China. The first deployment is scheduled to roll out in Europe in early 2026, with safety operators onboard. Uber said the goal is to combine its global ridesharing network with Momenta's technology to deliver safe and efficient robotaxi services. "This collaboration brings together Uber's global ridesharing expertise and Momenta's AI-first autonomous driving technology, paving the way for a future where more riders around the world experience the benefits of reliable and affordable autonomous mobility," Uber CEO Dara Khosrowshahi said in the press release. Momenta CEO Xudong Cao said the arrangement "completes the key ecosystem needed to scale autonomous driving globally." Terms of the agreement weren't disclosed. This self-driving car technology stock could pop by more than 400%, say three analysts Looking for alternatives to Nvidia? Futurum CEO names 3 he's bullish on for 2024 Bernstein tech analyst's best idea for 2024 is to short Tesla Morgan Stanley picks 'alpha' opportunities in China tech - giving one 52% upside Momenta, based in Beijing, is a leading autonomous driving company known for its "two-leg" product strategy. It offers both Mpilot, a mass-production-ready assisted driving system, and MSD (Momenta Self-Driving), aimed at full autonomy. The company has years of experience operating autonomous vehicles in cities across China and has partnerships with large equipment manufacturers. Competition is heating up in the robotaxi market, and Uber is actively seeking deals to sustain a ride-hailing business as robots replace drivers. Uber has partnered with companies including Motional and Waymo in select U.S. cities. Motional hit pause on its robotaxi deployments with both Uber and Lyft last year. This marks Uber's first major push to deploy AVs abroad in partnership with a Chinese startup. Uber previously had its own self-driving car unit, but it sold the division in 2020 to Aurora Technologies, an Amazon-backed self-driving car firm. As part of that deal, Uber said it would invest $400 million into Aurora.
Business Wire
02-05-2025
- Automotive
- Business Wire
Uber and Momenta Announce Strategic Agreement for Robotaxi Deployment
SAN FRANCISCO & BEIJING--(BUSINESS WIRE)--Uber Technologies, Inc. (NYSE: UBER) and Momenta today announced a strategic agreement to introduce autonomous vehicles to the Uber platform, in international markets outside of the US and China. First deployment for the partnership will take place in Europe at the beginning of 2026, with onboard safety operators. By combining Uber's ridesharing network with Momenta's autonomous driving technology, the two companies aim to accelerate and deliver safe, scalable, and efficient Robotaxi services. "Having already established strong partnerships with the most innovative compute platform providers, and globally leading OEMs, expanding our network to Uber as the preeminent mobility platform now completes the key ecosystem needed to scale autonomous driving globally. This cooperation marks an exciting milestone as we bring our Robotaxi technology, efficiently integrated on a mass-production vehicle platform, to new international markets," said Xudong Cao, CEO, Momenta. 'We are incredibly excited to announce this strategic partnership with Momenta. This collaboration brings together Uber's global ridesharing expertise and Momenta's AI-first autonomous driving technology, paving the way for a future where more riders around the world experience the benefits of reliable and affordable autonomous mobility," said Dara Khosrowshahi, CEO, Uber. About Momenta Momenta is a leading autonomous driving technology company, dedicated to reshaping the future of mobility by offering solutions to enable multiple levels of driving autonomy. It has pioneered a unique scalable path toward full autonomous driving by combining a data-driven approach with iterating algorithms – referred to as its 'flywheel approach' - as well as a 'two-leg' product strategy focusing on both Mpilot, its mass-production-ready assisted driving solutions, and MSD (Momenta Self-Driving), its driving solution targeting full autonomy. Momenta holds extensive knowledge and experience from not only Robotaxi testing but also operation in multiple cities in China. 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 58 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.
