May 31, 2016 Comments Off on Toyota joins forces with Uber
This week, Uber confirmed that Toyota has made an undisclosed strategic investment to the company. As part of the deal, Toyota will be creating a leasing program with flexible financing terms for Uber drivers. According to sources, the partnership will go beyond just vehicle sales. It is said that the new partnership is also a push into self-driving cars as the two companies announced that they will also be sharing knowledge to accelerate each other’s research efforts. The move comes days after Volkswagen invested $300 million in European ride-hailing company Gett, a few weeks after Apple poured in $1 billion into China’s Didi Chuxing, and several months after General Motors invested $500 million in Lyft.
© 2017 Online Agility Investments, Acquisitions and Venture Capital Database | Internet DealBook. All Rights Reserved.