Uber's stock price rises after announcing a partnership with Zoox for robotaxi services

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Investing.com – Uber (NYSE:UBER) stock rose 3.75% on Wednesday morning after the company announced a strategic partnership with Amazon’s Zoox to deploy robotaxis on the Uber platform in Las Vegas and Los Angeles.

The partnership will launch in Las Vegas this summer, with plans to deploy in Los Angeles by mid-2027. Zoox robotaxis will provide service through the Uber app, allowing passengers to match with autonomous vehicles for eligible trips. Zoox will continue operating its own app in both cities while integrating with Uber.

Zoox robotaxis are purpose-built vehicles designed specifically for ride-hailing services, rather than modified passenger cars. This is Zoox’s first partnership with a third-party platform. The company is an independent subsidiary of Amazon.com, Inc.

Uber CEO Dara Khosrowshahi said, “Zoox robotaxis are unlike any other vehicle on Earth — they are built from the ground up to deliver an extraordinary experience. Zoox’s commitment to safety and its advanced autonomous driving technology make it an ideal partner.”

Zoox CEO Aicha Evans said the partnership represents an “opportunity to continue advancing autonomous mobility in everyday life.”

As the ride-hailing industry continues to develop autonomous driving technology, this partnership allows Uber to expand its autonomous vehicle services. Zoox is headquartered in Foster City, California, and focuses on autonomous ride-hailing services.

This article was translated with the assistance of artificial intelligence. For more information, please see our Terms of Use.

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