When you see our vehicles on the road, you can rest assured that they’re doing important work that supports our efforts to deliver safe, reliable self-driving transportation. Instead, Uber UBER, -1.72% will invest $400 million into Aurora as part of the deal and will retain a 26% stake in the startup, according to a filing with the Securities and Exchange Commission. Uber's self-driving unit, the Advanced Technologies Group (ATG), has an estimated valuation of over $7 billion, representing more than10% of Uber's current market cap of about $61 billion. The two companies on Monday said that as part of the deal for the self-driving-car unit, known as Advanced Technologies Group, or ATG, Uber will make a $400 million cash investment in Aurora. Uber Advanced Technologies Group Stock. Uber's stock was down less than a percent Monday, following the close of markets. The company was formerly known as Ubercab, Inc. and changed its name to Uber Technologies, Inc. in February 2011. View real-time stock prices and stock quotes for a full financial overview. The company announced tonight that Toyota, Denso and Softbank are investing a total of $1 billion in its Advanced Technologies Group (Uber ATG), in a … The Aurora Driver software platform will have more opportunities and will continue to focus on its three main use-cases: autonomous trucks, goods AVs and robotaxis. Toyota and DENSO said they will invest $667 million, and SoftBank will invest $333 million. At Uber ATG, we are dedicated to making every mile we drive on the track and on public roads count. Uber raised $1 billion for the ATG unit in July from a preferred stock sale of 14.3% of its Apparate subsidiary to Toyota, SoftBank and Denso. Uber ATG investors including ATG employees with equity will own another 14%. Uber said it would also invest $400 million in the company as part of the deal. The ride-hailing company will invest $400 million in the business. View Uber Technologies, Inc. UBER investment & stock information. UBER: Get the latest Uber stock price and detailed information including UBER news, historical charts and realtime prices. The stock closed at $53.80 in New York and has jumped 81% this year. UBER | Complete Uber Technologies Inc. stock news by MarketWatch. Uber ATG is valued at $7.25 billion. The holiday season is a great time for investors to stock up on the best tech picks in retail and entertainment. ... Aurora has roughly 600 employees, while Uber’s ATG group has about 1,200 employees, many of them based in Pittsburgh, long an epicenter of robotics thanks to Carnegie Mellon University. In a sign of investors' meager appetite for driverless-car ventures, Uber Technologies Inc. isn't so much selling its ill-fated project as paying a rival to take it on. Uber announced on Monday that it would sell its self-driving-car unit to the startup Aurora. The company was formerly known as Ubercab, Inc. and changed its name to Uber Technologies, Inc. in February 2011. Stock Analyst Update Uber Plans to Sell ATG; Profitability Path Clearer We're raising the technology firm's fair value estimate to $61 per share. The equity deal valued the ATG at $4 billion, according to people familiar with the matter. By Krystal Hu, Tina Bellon and Jane Lanhee Lee (Reuters) -Uber Technologies Inc is selling its autonomous driving unit, Uber Advanced Technologies Group (ATG), to self-driving car startup Aurora, the companies said on Monday, in a move that would accelerate the ride-sharing company's goal to achieve profitability. Now that UBER has sold its self-driving ATG technology to Aurora, the company can squarely focus on serving its customers rather than attempting to advance autonomous driving tech. The ride-hailing company will invest $ 400 million in the Business less than a percent Monday following! 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