By Krystal Hu, Tina Bellon and Jane Lanhee Lee (Reuters) -Uber Technologies Inc is selling its autonomous driving unit, Uber (NYSE: UBER) Advanced Technologies Group (ATG), to self-driving car startup Aurora, the companies said on Monday, in a move that would accelerate the ride-sharing company’s goal to achieve profitability. EquityZen is a marketplace for shares of proven pre IPO tech companies. Uber's self-driving unit, the Advanced Technologies Group (ATG), has an estimated valuation of over $7 billion, representing more than10% of Uber's current market cap of about $61 billion. The ride-hailing giant said late Monday that its autonomous-driving unit ATG would be acquired by Aurora Innovation Inc., a … Uber's stock was down less than a percent Monday, following the close of markets. Buy or sell Uber Advanced Technologies Group stock pre IPO via an EquityZen fund. Uber said it would hold a roughly 26% stake in Aurora on completion of the deal. The company announced tonight that Toyota, Denso and Softbank are investing a total of $1 billion in its Advanced Technologies Group (Uber ATG), in a … Ride share giant Uber Technologies Inc (NYSE:UBER) is down 2.4% at $52.50 in this morning's trading, after the company announced its self-driving unit Advanced Technologies Group (ATG… UBER: Get the latest Uber stock price and detailed information including UBER news, historical charts and realtime prices. Uber will receive stock in Aurora, a startup working on autonomous vehicle technology. At Uber ATG, we are dedicated to making every mile we drive on the track and on public roads count. Toyota and DENSO said they will invest $667 million, and SoftBank will invest $333 million. Uber ATG focuses … Stock Analyst Update Uber Plans to Sell ATG; Profitability Path Clearer We're raising the technology firm's fair value estimate to $61 per share. View real-time stock prices and stock quotes for a full financial overview. Uber ATG uses a phased approach in their autonomous driving ambitions by first having a human drive while the vehicle gathers information about the roads and conditions. UBER | Complete Uber Technologies Inc. stock news by MarketWatch. By Krystal Hu, Tina Bellon and Jane Lanhee Lee (Reuters) -Uber Technologies Inc is selling its autonomous driving unit, Uber Advanced Technologies Group (ATG), to self-driving car startup Aurora, the companies said on Monday, in a move that would accelerate the ride-sharing company's goal to achieve profitability. Uber Advanced Technologies Group Stock. Get the latest Uber Technologies, Inc. UBER detailed stock quotes, stock data, Real-Time ECN, charts, stats and more. Uber shares are now down 31% since the coronavirus sell-off began, worse than the 18% decline in the S&P 500. The equity deal valued the ATG at $4 billion, according to people familiar with the matter. The Aurora Driver software platform will have more opportunities and will continue to focus on its three main use-cases: autonomous trucks, goods AVs and robotaxis. Uber will not be the first beneficiary of ATG's autonomous solutions. Now what. The next step is a computer-driven car but with a human behind the wheel, before moving onto a computer-driven car with a human behind the wheel and a passenger (you!) The ATG and Other Technology Programs segment engages in the development and commercialization of autonomous vehicle and ridesharing technologies, as well as Uber Elevate. The company was founded by Oscar Salazar Gaitan, Travis Kalanick and Garrett Camp in 2009 and is headquartered in San Francisco, CA. More. This marks a major drop in valuation for ATG, as it raised $1 billion from a consortium of investors including Toyota Motor Corp and SoftBank Group Corp at a valuation of $7.25 billion last year. The equity deal valued the ATG at $4 billion, according to … The holiday season is a great time for investors to stock up on the best tech picks in retail and entertainment. Uber ATG is valued at $7.25 billion. In a sign of investors' meager appetite for driverless-car ventures, Uber Technologies Inc. isn't so much selling its ill-fated project as paying a rival to take it on. Uber raised $1 billion for the ATG unit in July from a preferred stock sale of 14.3% of its Apparate subsidiary to Toyota, SoftBank and Denso. The ride-hailing company will invest $400 million in the business. (Reuters) - Uber Technologies Inc is selling its autonomous driving unit, Uber Advanced Technologies Group (ATG), to self-driving car startup Aurora, the companies said on Monday, in a move that would accelerate the ride-sharing company's goal to achieve profitability. 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