Uber's autonomous vehicle unit has raised $1 billion from a consortium of i...
SAN FRANCISCO - Uber’s autonomous vehicle unit has raised $1 billion from a consortium of investors including SoftBank Group Corp , giving the company a much-needed funding boost for its pricey self-driving ambitions on the eve of its public stock offering.
Reuters had reported in March talks of the investment in ATG, which has locations in Pittsburgh, San Francisco and Toronto. Uber released its IPO filing this month and is preparing to launch is “roadshow,” when it will pitch its company prospective investors, the week of April 29, setting up for an early May debut on the New York Stock Exchange.
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