Uber is in talks to sell its autonomous vehicle unit to startup competitor Aurora Innovation. Techcrunch Reported. If it passes, the sale of Uber Advanced Technologies Group (UberATG) will mark the end of a bumpy road to a division of Uber that was as recent as last July at $ 7.25 billion, but which is underway Is prone to problems. .
In March of 2019, Uber avoided criminal charges in the 2018 death of Elaine Herzberg in Temp, Arizona, involving an autonomous car. Federal investigators found that Uber, the safety driver behind the wheel of the car, and the state of Arizona all pleaded guilty to the incident. The crash ended Uber’s testing program in Tempe, but the company resumed testing in Pittsburgh, where Uberratzy is headquartered.
And UberATG, was involved in a trade secret lawsuit with competitor Waymo, owned by Google parent company Alphabet. Uber unexpectedly settled the case in February of 2018.
According to Uber’s most recent earnings report, while its “ATG and other technologies” segment had revenue of $ 25 million in the third quarter, the segment saw a net loss of $ 303 million for the nine months ended September 30, according to Techcrunch.
Aurora was founded in 2017 by Chris Urmson, the former head engineer of Google’s self-driving project. Most of its focus is on developing technology for self-driving trucks. The startup’s recent valuation was about $ 2.5 billion, and Arora said that in July it was expanding testing of autonomous vehicles in Texas.
Uber declined to comment on Saturday. Aurora spokesman said in an email The ledge That “we do not comment on rumor or speculation.”
Update November 14, 12:20 pm ET: Responded to requests for comment from Aurora and Uber