Aurora, among the country’s top self-driving startups, will eventually be the new owner of Uber’s self-driving branch, Aurora declared on Monday. Besides turning Uber’s self-driving branch, called the Uber Advanced Technology Group (ATG),” Uber will even pump $400 million to Aurora.
On the market, Uber will find a minority stake in Aurora and also Uber CEO Dara Khosrowshahi can find a chair on Aurora’s board.
The deal permits Uber to unload a self-driving branch that has fought to regain its footing since the Uber ATG automobile struck and killed a pedestrian at March 2018. Uber closed down its on-road testing for many months after that episode, and the application has confronted lingering public disbelief since. It is not clear when the price will result in layoffs at Uber ATG.
See 17 staying paragraphs | Remarks