Toyota Motor Corporation plans to invest $500 million in Uber and to increase its collaboration with the US ridesharing company on driverless vehicles, the Japanese carmaker said Tuesday.
“Toyota Motor Corporation (TMC) and Uber Technologies, Inc. (Uber) today announced that they have agreed to expand their collaboration with the aim of advancing and bringing to market autonomous ride-sharing as a mobility service at scale… Separately, Toyota is investing $500 million in Uber,” Toyota said in a statement.
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Each company will integrate their technologies into a Toyota autonomous vehicle that will be built for this purpose, based on Toyota’s Sienna Minivan. The vehicle will be used on Uber network, the statement said.
“Pilot-scale deployments will begin on the Uber ride-sharing network in 2021,” Toyota added.
The safety will be ensured separately by Uber’s autonomous driving system and Toyota’s Guardian system.