An Uber car, equipped with cameras and sensors, drives the streets of Washington, D.C. in this file photo. (AFP photo)
SAN FRANCISCO: Uber Technologies Inc agreed to sell its autonomous car division to Aurora Innovation Inc in a deal that gives the ride-hailing giant a stake in the start-up developing self-driving technology, the companies said on Monday.
As part of the deal, Uber will invest $400 million in Aurora to merge the teams from both firms seeking to advance the technology for autonomous ride-hailing and will hold a 26% stake in the start-up.
“By adding the people and technology of Uber’s Advanced Technologies Group to the incredible group we’ve already assembled at Aurora,…
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