Company Announcements

• Wayve and Uber to collaborate with automotive OEMs to use Wayve’s AI to enable a range of automated driving capabilities
• Companies agree to put future Wayve-powered self-driving vehicles on the Uber network in multiple markets around the world
• Uber to make a strategic investment in Wayve

LONDON & SAN FRANCISCO--(BUSINESS WIRE)--Aug. 29, 2024-- Wayve, a leader in Embodied AI for self-driving, today announced a new strategic partnership with Uber (NYSE: UBER), the world’s leading mobility and delivery network.

Uber has also agreed to make a strategic investment in Wayve as an extension of the company’s previously announced Series C fundraising round.

With the additional funding and support from Uber, Wayve intends to accelerate its work with global OEMs to enhance consumer vehicles with Level 2+ advanced driver assistance and Level 3 automated driving capabilities, while also working towards the development of globally scalable Level 4 autonomous vehicles for future deployment on Uber.

Distinct from traditional AV approaches, Wayve has a unique focus on mapless end-to-end AI technology, designed to allow automated vehicles to operate without geofenced limits. The partnership envisions future Wayve-powered self-driving vehicles being made available on the Uber network in multiple markets around the world, bringing Wayve’s leading technology to Uber’s more than 150 million monthly global users.

Alex Kendall, Co-founder and CEO of Wayve:
“Wayve is building a 'general purpose' driving Al that can power all levels of driving automation in any type of vehicle, anywhere in the world. 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.”

Dara Khosrowshahi, CEO of Uber:
“Uber and Wayve share a vision of reimagining mobility for the better. Wayve’s advanced Embodied AI approach holds a ton of promise as we work towards a world where modern vehicles are shared, electric and autonomous. We’re thrilled to bring Wayve on as a partner to work alongside automakers as we continue to build out Uber as the best network for self-driving vehicles.”

About Wayve

Founded in 2017, Wayve is the leading developer of Embodied AI technology for automated driving. Their advanced AI software and foundation models for autonomy enable vehicles to perceive, understand, and navigate any environment, enhancing the usability and safety of autonomous driving systems. Wayve is developing mapless and hardware-agnostic Embodied AI products for automakers and fleet owners, accelerating the path from assisted to automated driving. Backed by top investors like SoftBank Group, NVIDIA, and Eclipse Ventures, Wayve’s mission is to reimagine mobility with embodied intelligence. To learn more, please visit www.wayve.ai.

About Uber

Uber’s mission is to create opportunity through movement. We started in 2010 to solve a simple problem: how do you get access to a ride at the touch of a button? More than 52 billion trips later, we’re building products to get people closer to where they want to be. By changing how people, food, and things move through cities, Uber is a platform that opens up the world to new possibilities.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240829768166/en/

Wayve
media@wayve.ai

Uber
press@uber.com

Source: Uber