- Uber Technologies Inc (NYSE:UBER) stock is up Tuesday after a new, multi-year pact with Google parent Alphabet Inc’s (NASDAQ:GOOG) (NASDAQ:GOOGL) self-driving startup Waymo to make the Waymo Driver available to more people via the Uber platform starting in Phoenix.
- This integration will launch publicly later this year with a set number of Waymo vehicles across Waymo’s newly expanded operating territory in Phoenix, including local deliveries and ride-hailing trips.
- Also Read: Uber’s Q1 Performance Gets 5 Star Rating, Zooms Past Expectations, MAUs Touch 130M
- Uber users will be able to experience the safety and delight of the Waymo Driver on both the Uber and Uber Eats apps.
- Riders will also still be able to hail a Waymo vehicle directly through the Waymo One app.
- The collaboration comes a few weeks after Waymo’s chief product officer Saswat Panigrahi shared plans to increase ridership tenfold by next summer.
- The deal with Uber also strengthens the long-term strategic partnership between Waymo Via, Waymo’s autonomous trucking arm, and Uber Freight, Uber’s logistics spinout, TechCrunch reports.
- Price Action: UBER shares traded higher by 0.56% at $39.39 on the last check Tuesday.
- Photo via Wikimedia Commons
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