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BELMONT, Calif. & SAN FRANCISCO - Volkswagen Group of America’s subsidiary, Volkswagen ADMT, LLC, and Uber Technologies, Inc. (NYSE: UBER) have announced a strategic collaboration to introduce a fleet of autonomous, all-electric ID. Buzz AD vehicles for ride-hailing services in multiple U.S. markets, starting with Los Angeles. Testing of these vehicles is slated to commence later this year, with a commercial launch targeted for 2026 in Los Angeles.
MOIA, another Volkswagen AG brand specializing in autonomous mobility, will supply its autonomous driving solution for the deployment on Uber’s platform. This system comprises the ID. Buzz AD vehicles and a software-based system designed for autonomous operations.
The partnership aims to merge Volkswagen’s manufacturing expertise with innovative technology to meet urban mobility demands. Both companies have expressed their commitment to the future of autonomous transportation, emphasizing the importance of this joint venture in advancing the field.
During the initial phases of testing and launch, ID. Buzz AD vehicles will be accompanied by human operators to refine the technology and ensure safety. The progression of the deployment will be contingent on receiving the necessary regulatory approvals.
Volkswagen Group of America, the parent company of Volkswagen ADMT, LLC, is a wholly-owned subsidiary of Volkswagen AG and oversees the operations of several distinguished automotive brands in the U.S. MOIA’s role in the partnership will be pivotal, offering an integrated solution that includes an autonomous-ready vehicle, a comprehensive self-driving system, and a Mobility-as-a-Service ecosystem tailored for autonomous operations.
This strategic partnership between Volkswagen and Uber signifies a significant step towards the expansion of autonomous mobility services and underscores the shared vision of both companies to transform transportation. The news is based on a press release statement issued by the companies.For investors seeking deeper insights, InvestingPro offers comprehensive analysis of Uber’s financial metrics, including 8 additional ProTips and detailed valuation metrics in their Pro Research Report, available for over 1,400 US stocks.
In other recent news, Uber Technologies Inc. is set to release its first-quarter 2025 earnings, with high expectations from analysts at Truist Securities and Cantor Fitzgerald. Truist Securities maintains a Buy rating with a $92 price target, confident in Uber’s Mobility and Delivery services’ performance. Cantor Fitzgerald also holds an Overweight rating, projecting that Uber’s bookings and EBITDA will likely reach the upper end of guidance, with a price target of $80. Meanwhile, KeyBanc Capital Markets has adjusted its price target for Uber to $80 from $85, citing a decrease in mobility and food delivery usage. Additionally, Uber is reportedly in talks to acquire Turkish delivery platform Trendyol Go, although terms are not finalized. In legal matters, the U.S. Federal Trade Commission has filed a lawsuit against Uber, alleging deceptive claims and unauthorized subscriptions related to its Uber One service. These developments come as Uber continues to expand its autonomous vehicle services, recently launching in Austin and planning to extend to Atlanta.
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