Uber, Nebius to Invest Up to $375 Million in Robotaxi Firm

Uber Technologies Inc. and Nebius Group NV are committing as much as $375 million to develop Avride, the Dutch cloud infrastructure company’s autonomous vehicle subsidiary.

The new funding, which includes strategic investment and commercial commitments, will help accelerate the growth of Avride’s driverless fleet to as many as 500 cars, an Avride spokesperson said. If Avride reaches certain agreed milestones, both companies will contribute additional capital, bringing the total potential investment to $375 million, the spokesperson added without providing more details.

The investment will also support Avride’s product development and expansion into new geographies, the company said in a statement ...