SoftBank, Denso, and Toyota have collectively invested $1B in Uber's autonomous vehicle business unit:
This is an excerpt from a story delivered exclusively to Business Insider Intelligence Transportation & Logistics Briefing subscribers.Three Japanese companies — telecom SoftBank, auto components supplier Denso, and automaker Toyota — have collectively invested $1 billion in Uber's autonomous vehicle business unit,The investment will value Uber's self-driving car business at nearly $7.
Denso's investment could open the door for a partnership, which would give Uber some technical expertise on car designs. Denso is a first-time investor in Uber, while SoftBank and Toyota have invested in the past. The company builds and sells a variety of vehicle parts, such as electronics, engine cooling systems, drivetrains, and braking systems.
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