Uber and Pony.ai to Deploy 2,000+ Robotaxis Across Europe, Eye Middle East
UBER sits 16% above its 52-week low of $65.41.
Summary
Uber is expanding its autonomous vehicle partnership with Pony.ai to deploy more than 2,000 robotaxis across Europe, with plans to extend into the Middle East. The rollout adds four new European cities beyond the existing Zagreb service, which will now be integrated into the Uber app. Pony.ai brings Level 4 self-driving tech and claims city-wide breakeven economics in multiple Chinese markets, while Uber handles booking, payments, and support. This deepens Uber's AV strategy and follows its $14.8B Delivery Hero acquisition, signaling aggressive expansion in both food delivery and autonomous mobility. The scale of the deployment—over 2,000 vehicles—is material for Uber's long-term cost structure and competitive positioning against rivals like Waymo and Tesla. Watch for phased rollout details and any financial terms, which were not disclosed.
At the time of this announcement, UBER was trading at $75.65 on NYSE in the Technology sector, with a market capitalization of approximately $155B. The 52-week trading range was $65.41 to $101.99. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: dpa-AFX.