Uber’s self-driving car unit valued at $7.3bn as it gears up for IPO
US firm received $1bn from consortium including Toyota and Saudi Arabia
Uber’s self-driving car unit has been valued at $7.3bn (£5.6bn), after receiving $1bn of investment by a consortium including Toyota and Saudi Arabia’s sovereign wealth fund.
With weeks to go until the loss-making San Francisco firm’s stock market float, expected to value the company at up to $100bn, Uber said it had secured new financial backing for its plans to develop autonomous vehicles.