Five things to watch in markets in the week ahead
LONDON - Uber Technologies (NYSE:UBER) and Starship Technologies announced a partnership to deploy autonomous sidewalk robots for food deliveries across multiple markets, according to a press release statement issued Thursday. Uber, with a market capitalization of $185.95 billion and impressive revenue growth of 18.25% over the last twelve months, continues to expand its delivery ecosystem.
The collaboration will begin in Leeds, UK, in December 2025, with plans to expand to multiple European countries in 2026 and the United States in 2027. The companies aim to integrate Starship's autonomous delivery robots with Uber's food delivery platform.
Starship's robots, which operate at Level 4 autonomy, can complete deliveries within 30 minutes for distances up to 2 miles. The company reports having completed over 9 million deliveries across seven countries with its current fleet of 2,700 robots.
"Together, we're building the infrastructure that will define the next generation of urban logistics," said Ahti Heinla, co-founder and CEO of Starship Technologies.
Sarfraz Maredia, Global Head of Autonomous at Uber, added that autonomous delivery represents an important part of Uber Eats' future strategy.
Starship Technologies, founded in 2014 by Skype co-founders, operates what it describes as the world's largest autonomous delivery network. The company recently secured $50 million in funding in October 2025, bringing its total funding to over $280 million.
The robots currently operate across 270 locations in seven countries and complete approximately 100,000 road crossings daily, according to the company.
The partnership marks Uber's latest effort to incorporate autonomous technology into its delivery operations as the industry continues to explore alternatives to traditional delivery methods. InvestingPro data suggests Uber is currently trading slightly below its Fair Value, with analysts having revised earnings upwards for the upcoming period. Discover comprehensive analysis of Uber and 1,400+ other stocks through InvestingPro's detailed Research Reports, transforming complex data into actionable investment intelligence.
In other recent news, Uber Technologies Inc. reported strong third-quarter results, with gross bookings surpassing consensus estimates by 2%, driven by robust growth in both its Mobility and Delivery segments. The company's trip growth accelerated to approximately 22% year-over-year, with gross bookings increasing by 21%, as noted by Deutsche Bank, which reiterated its Buy rating for Uber. RBC Capital raised its price target for the company to $110, citing Uber's impressive performance across key metrics, including monthly active platform consumers and gross bookings. Similarly, TD Cowen increased its price target to $114, maintaining a Buy rating, following the solid third-quarter results.
Meanwhile, Uber is reportedly in discussions with Getir to expand its delivery operations in Turkey. The potential deal, which could be valued at up to $1 billion, would involve acquiring key parts of Getir's delivery business. Benchmark maintained a Hold rating on Uber, expressing concerns about margin pressure despite acknowledging the company's strong quarterly performance. These developments highlight Uber's continued growth and strategic moves in the global market.
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