Toyota Starts Partnership with Uber by Pumping in US$500 Million

Published By : 28 Aug 2018 | Published By : QYRESEARCH

Toyota and Uber are partnering to introduce an on-demand autonomous ride-hailing service in the automobile market. And this deal is being carried out by the Japanese automaker investing about US$500 into the cab-service brand.

More Insights into the Toyota-Uber Partnership

Under the agreement, Toyota Sienna minivans will be set up with Uber’s self-driving technology, and will further be deployed on the company’s cab network. The deal is a bit unusual because a third and yet unnamed fleet operator will be owning and operating the mass-produced autonomous vehicles. As per both companies, 2021 is the year when the pilot scale deployments will begin on the Uber network.

A first-of-a-kind deal for Uber, this partnership is certainly expected to improve the company’s standing in the market. According to CEO Dara Khosrowshahi, the combination of Uber’s advanced technology and Toyota’s commitment to safety coupled with its manufacturing quality is a perfect one in terms of deals and partnerships. Both enterprises are calling this a “Autono-MaaS” fleet, which mainly indicates autonomous-mobility as a service

Under this new agreement, Uber’s autonomous driving system and the Toyota parent automated safety support system would both be integrated into these Autono-MaaS vehicles. Toyota will also use its core information infrastructure for connected vehicles, which is called a mobility services platform (MSPF). As per Dr. Gill Pratt, Toyota Research Institute CEO, the Uber’s automated driving system and Toyota’s guardian system will independently monitor the vehicle environment and real-time situation. This will help enhance the overall vehicle safety for both the automated driver and the vehicle.

In future, Toyota’s idea is to develop fully autonomous cars to serve an aging population and the disabled as well as work on technology for regularly producing cars which could switch between assisted and full autonomy. This propriety technology will be implemented in such a way that it will operate silently in the background.

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