Uber to make strategic investment in embodied AI firm Wayve

Wayve announced a new strategic partnership with Uber 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 to to consumers sooner.”