finance
Uber to Invest $10 Billion in Robotaxi Fleet Expansion Starting 2027
Uber Technologies Inc. will allocate $7.5 billion to build a fleet of more than 100,000 vehicles from multiple manufacturers using NVIDIA DRIVE technology and $2.5 billion to take equity stakes in Robotaxi operators. CEO Dara Khosrowshahi called the self-driving sector a trillion-dollar total addressable market during the company's first-quarter 2026 earnings call.
May 10, 11:01 AM·1m read1 source
BenzingaAudio version
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Uber Technologies Inc. plans a $10 billion commitment to its Robotaxi operations, Benzinga reported. 5 billion is aimed at expanding its Robotaxi fleet.
The fleet expansion is scheduled to begin in 2027 and targets over 100,000 vehicles. Those vehicles will come from multiple manufacturers and will incorporate NVIDIA DRIVE platform technology. Dara Khosrowshahi, Uber's CEO, stated during the company's first-quarter 2026 earnings call that the self-driving sector represents a "trillion-dollar" total addressable market.
The comment underscored the company's aggressive push into autonomous vehicles even as it continues to invest heavily in the sector. The $10 billion commitment reflects Uber's strategy of both scaling its own fleet and backing external Robotaxi operators through equity investments.
By combining capital deployment with technology partnerships, the company aims to establish a leading position as commercial Robotaxi services scale in the coming years.
Khosrowshahi's remarks on the trillion-dollar opportunity came as Uber detailed its vision for the autonomous market during the May 2026 earnings discussion with investors. The CEO has repeatedly signaled that self-driving technology will become a core growth driver for the ride-hailing giant.
The fleet targeted for 2027 and beyond will draw on vehicles produced by several manufacturers rather than relying on a single supplier.
Integration of the NVIDIA DRIVE platform is expected to provide the underlying autonomous driving technology across that mixed fleet. 5 billion in equity stakes allows it to both own and operate Robotaxis while gaining exposure to specialized operators. The structure is designed to accelerate deployment once the 2027 timeline begins.
