May 31, 2016 0 Comments
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.