Uber runs digital marketplaces that connect people seeking rides, meals and groceries with drivers, couriers and local merchants. Its Uber app includes private and shared rides, while Uber Eats lets customers order from restaurants and stores for delivery or pickup. The apps match requests with nearby service providers, handle payment and show trip or order progress, with revenue coming from service fees charged on transactions. Uber Freight connects businesses shipping goods with trucking companies and sells managed transportation services, extending the group's software beyond consumer trips. Founded in 2009, Uber is headquartered in San Francisco, California.
Company Size
10,001+
Company Stage
IPO
Headquarters
San Francisco, California
Founded
2009
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Atoms, the robotics and industrial automation company founded by Uber co-founder Travis Kalanick, has raised $1.7 billion in a round led by Andreessen Horowitz (a16z). Uber, Bain Capital, Fifth Wall, and other institutional investors also took part. a16z co-founder Ben Horowitz joins the Atoms board. The money will speed up work across food, mining, and transport. The raise strengthens ProKitchens, part of the Atoms Food pillar alongside CloudKitchens. ProKitchens runs commercial kitchens in 10 cities across France, Spain, Italy, Portugal, Poland, and the Netherlands. It offers certified, ready-to-fit kitchen spaces on flexible contracts, which cuts the capital needed to open new locations.
Uber and Chinese autonomous vehicle company Pony.ai plan to launch a robotaxi service in London, expanding their partnership into Europe. The companies will begin testing Pony.ai's Gen-7 robotaxis in the city in the coming weeks. The announcement follows Uber's strategy of partnering with over 30 autonomous vehicle firms to capture market share in autonomous delivery and ride-hailing. Uber expects to offer autonomous vehicle trips in 15 cities globally by the end of 2026. Uber and Pony.ai first partnered in May 2025, initially focusing on the Middle East. They plan to deploy 2,000 robotaxis across Europe, starting with Zagreb, where they launched a service in August 2026 with partner Verne. Uber also plans a separate London robotaxi service with British startup Wayve.
Uber has invested in Croatian robotaxi provider Verne, CEO Dara Khosrowshahi confirmed following a visit to Zagreb where he completed a fully driverless ride. The investment deepens the partnership between the companies, which launched a commercial robotaxi service in Zagreb in April covering approximately 90 square kilometres. Since August, Verne's autonomous vehicles have been bookable through the Uber app. The service currently uses Arcfox Alpha T5 vehicles equipped with Pony.ai's Gen-7 autonomous driving system. Verne is developing its own purpose-built robotaxi—an electric two-seater without steering wheel or pedals, based on Mobileye Drive technology. By end-2025, the company had completed 60 verification prototypes. Verne co-founder Mate Rimac indicated further joint expansion plans beyond Croatia, with negotiations underway for deployments in additional European cities, the UK, and the Middle East.
Nancy Pelosi's spouse and hedge fund manager Bill Ackman both hold positions in Uber and Amazon, though at vastly different scales. Pelosi's husband purchased 200 Uber call options on 29 May with a $50 strike price expiring March 2027. Ackman's Pershing Square owns 34.3 million Uber shares worth approximately $2.48 billion, representing 12.72% of the fund's assets. Ackman increased this stake by 15% during the second quarter. Both also hold Amazon positions. Pelosi owns call options with a $120 strike price, whilst Pershing Square holds 8.56 million shares worth about $2.04 billion. Amazon's valuation premium centres on AWS, which comprises 21% of revenue but generates 60% of operating profit. The non-GAAP forward P/E of 30.64 is more than double the sector median of 14.73.
Uber and Lyft face mounting pressure as autonomous vehicle competitors rapidly scale their operations. Uber recently cut 10% of its workforce, with its stock down 13%, whilst Lyft's market capitalisation has fallen to $5.8 billion, shares dropping 20%. Bank of America analyst Justin Post notes that Waymo, Tesla, and Zoox have begun deploying vehicles, whilst Uber and Lyft's AV partnerships remain in development. Both companies don't expect their AV operations to scale until 2028. Google-backed Waymo currently operates approximately 4,000 vehicles in the US, Tesla has 420 driverless vehicles, and Amazon subsidiary Zoox had 50 AVs in September 2025. Post projects the competitive AV fleet could grow from 4,500 vehicles today to 118,000 by 2029, generating $15.3 billion in bookings.