The ride-hailing firm aims to expand its autonomous vehicle fleet to 15 cities by year-end as part of a multiyear strategy.
Uber Technologies announced a $10 billion multiyear investment plan to accelerate its autonomous vehicle (AV) deployment, targeting 15 cities by the end of 2026. The move follows a strong Q2 performance, with gross bookings rising 22% year-on-year to over $58 billion.
The company reported record audience engagement and cash generation, reinforcing its growth trajectory. Uber’s AV expansion aligns with its long-term strategy to reduce reliance on human drivers and improve margins.
Management highlighted durable growth and margin expansion as key drivers for the aggressive AV investment, though no immediate market reaction was disclosed.