Street Calls of the Week
SAN FRANCISCO & BEIJING - Uber Technologies, Inc. (NYSE: UBER) has formed a strategic partnership with autonomous driving technology company Momenta to bring self-driving vehicles to its ride-hailing service in international markets, excluding the US and China. The first deployment of this collaboration is set to commence in Europe at the beginning of 2026, featuring safety operators onboard the autonomous vehicles.
The alliance aims to leverage Uber’s extensive ridesharing network and Momenta’s artificial intelligence-driven autonomous driving technology to offer safe, scalable, and efficient Robotaxi services. Xudong Cao, CEO of Momenta, expressed enthusiasm about the partnership, highlighting the completion of a vital ecosystem to scale autonomous driving globally. Momenta’s approach to autonomous technology involves a data-driven strategy coupled with a dual-product focus that includes Mpilot, an assisted driving solution ready for mass production, and MSD (Momenta Self-Driving), which targets full autonomy. With Uber’s stock trading near its 52-week high of $87 and showing a remarkable year-to-date return of 34.1%, investors can access detailed analysis and 10+ additional exclusive insights through InvestingPro’s comprehensive research reports.
Uber’s CEO, Dara Khosrowshahi, also conveyed excitement about the partnership, emphasizing the combination of Uber’s global ridesharing experience with Momenta’s cutting-edge autonomous driving technology. He foresees a future where more riders worldwide can benefit from reliable and affordable autonomous mobility.
Momenta is recognized for its innovative approach to autonomous driving, having conducted Robotaxi testing and operations in multiple cities in China. Uber, on the other hand, has transformed urban mobility since its inception in 2010, facilitating over 58 billion trips and continuing to innovate in how people and goods move through cities.
This strategic agreement marks a significant step for both companies in the advancement of autonomous vehicle technology and its integration into existing transportation networks. The information disclosed in this article is based on a press release statement. Uber’s strong financial health, with a net income of $9.86 billion in the last twelve months, positions it well for this strategic initiative. For a deeper understanding of Uber’s valuation and growth prospects, investors can explore InvestingPro’s exclusive Fair Value analysis and comprehensive financial metrics.
In other recent news, Uber Technologies Inc. has announced a strategic partnership with May Mobility to deploy autonomous vehicles (AVs) on its platform, starting in Arlington, Texas, by the end of 2025. This collaboration will initially introduce hybrid-electric Toyota Sienna vehicles with onboard safety operators, with plans to transition to fully driverless operations. Additionally, Uber has teamed up with Volkswagen to roll out autonomous ID. Buzz vehicles in the U.S., beginning with Los Angeles in 2026. Meanwhile, BMO Capital Markets has maintained its Outperform rating on Uber, with a $92 price target, citing the company’s strong position in the third-party delivery market and its strategic partnerships in autonomous vehicle technology. Truist Securities also maintains a Buy rating with the same price target, highlighting positive performance in Uber’s Mobility and Delivery services and the potential growth from its AV initiatives. However, Uber is currently facing a lawsuit from the Federal Trade Commission (FTC) over allegations of deceptive claims and unauthorized subscriptions related to its Uber One service. The FTC claims that Uber misled users about savings and the ease of canceling the subscription. These developments reflect Uber’s ongoing efforts to expand its autonomous vehicle services while addressing legal challenges.
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