Self-driving technology company Wayve has entered a partnership with Uber, a mobility and delivery network. Following a Series C fundraising round, Wayve will also receive an investment from Uber.
Dara Khosrowshahi, CEO of Uber, said, “Uber and Wayve share a vision of reimagining mobility for the better. We’re thrilled to bring Wayve on as a partner to work alongside auto makers as we continue to build out Uber as the best network for self-driving vehicles.”
Wayve will use the funding to increase its collaboration with OEMs to implement Level 2+ and Level 3 ADAS. It will also use it to develop Level 4 AVs that will be used by Uber in the future.
Alex Kendall, co-founder and CEO of Wayve, said, “I’m excited to be teaming up with Uber, the largest mobility network in the world, to massively ramp up our AI’s fleet learning, ensuring our AV technology is safe and ready for global deployment across Uber’s network. Together, we’re excited to work with automotive OEMs to bring autonomous driving technologies to consumers sooner.”