Uber Inks a $1 Billion USD Deal With Volvo for 24,000 Autonomous Vehicles

Uber is making another bet on a driverless future.

By //Automotive

Uber has signed a deal with Sweden’s Volvo for 24,000 XC90 sport-utility vehicles to form a fleet of driverless automobiles. Priced at $46,900 USD each, the first shipment of XC90‘s will arrive between 2019-2021 (a $1 billion USD deal), making Uber Technologies the first commercial purchase by a ride-handling provider, according to Volvo.

Uber will add its own sensors and software to allow the vehicle to drive by itself. There’s currently a $1 billion USD IP-theft lawsuit battle brewing between Uber and Alphabet Inc’s Waymo over self-driving services; Uber denies such accusations. “This new agreement puts us on a path toward mass-produced, self-driving vehicles at scale,” Jeff Miller, Uber’s head of auto alliances, told Bloomberg News. “The more people working on the problem, we’ll get there faster and with better, safer, more reliable systems.” Volvo plans to use these cars for its own future offering.

In other automotive news, Tesla just unveiled its new roadster and semi-truck, which Wal-Mart has already committed to buy.

Read Full Article
VolvoUberVolvo XC90

You may also like

Spotify Just Filed for a $1 Billion USD IPO
Music

Spotify Just Filed for a $1 Billion USD IPO

The music streaming platform has been putting up impressive numbers.
8,084 Hypes 0 Comments
Warren Buffett Offered to Invest $3 Billion USD in Uber
Tech

Warren Buffett Offered to Invest $3 Billion USD in Uber

But the deal fell through.
1,656 Hypes 1 Comments
BIG3 Inks Multi-Year Deal With adidas to Develop Official Jerseys & Apparel
Sports

BIG3 Inks Multi-Year Deal With adidas to Develop Official Jerseys & Apparel

“Ice Cube has that same creator mindset we have at adidas.”
2,748 Hypes 7 Comments
‘Halo’ & ‘Destiny’ Studio, Bungie, Links up With NetEase on a $100 Million USD Deal
Tech

‘Halo’ & ‘Destiny’ Studio, Bungie, Links up With NetEase on a $100 Million USD Deal

Helping Bungie grow into multi-franchise entertainment studio.
3,295 Hypes 3 Comments
Fake Bitcoin Creator Is Being Sued for $10 Billion USD
Tech

Fake Bitcoin Creator Is Being Sued for $10 Billion USD

Craig Wright claimed to be the creator of Bitcoin.
8,528 Hypes 7 Comments


What to Read Next

Nike Reveals the Untold Story of the Nike Air Max Plus
Footwear

Nike Reveals the Untold Story of the Nike Air Max Plus

Designer Sean McDowell explains the shoe’s roots.

London's Public Buses to be Fueled by Coffee
Automotive

London's Public Buses to be Fueled by Coffee

Courtesy of British startup, bio-bean.

UPDATE: Jordan Brand Switches Things up with Air Jordan 1 "Bred Toe"
Footwear

UPDATE: Jordan Brand Switches Things up with Air Jordan 1 "Bred Toe"

The best of both worlds.


The Apple Park Visitor Center Is Finally Open to the Public
Design

The Apple Park Visitor Center Is Finally Open to the Public

Boasting the largest solar energy installations in the world.

A Closer Look at the INVINCIBLE x NEIGHBORHOOD x adidas NMD R1
Footwear

A Closer Look at the INVINCIBLE x NEIGHBORHOOD x adidas NMD R1

Are you ready for the drop?

More Info Has Surfaced About Quentin Tarantino's Next Movie
Entertainment

More Info Has Surfaced About Quentin Tarantino's Next Movie

The Charles Manson-focused film now has an unofficial synopsis.

More ▾