Uber lands $1 billion from SoftBank, Toyota for self-driving unit
Share:
SAN FRANCISCO (Reuters) - Uber's autonomous vehicle unit has raised $1 billion (0.77 billion pounds) from a consortium of investors including SoftBank Group Corp , giving the company a much-needed funding boost for its pricey self-driving ambitions on the eve of its public stock offering.Uber Technologies Inc said on Thursday that the investment valued its Advanced Technologies Group, which works to develop autonomous driving technology, at $7.25 billion. SoftBank will invest $333 million from..