Uber Seeks Bank Funding for Robotaxi Expansion as Stock Shows Mixed Performance

Uber Technologies Inc. is negotiating with banks and private institutions to secure financing for its Robotaxi service expansion, according to CEO Dara Khosrowshahi. The ride-hailing giant proposes a revenue-sharing model where partners WOULD own autonomous vehicles at fixed rates while licensing Uber's self-driving software.

The company plans to allocate a portion of its $7 billion annual cash FLOW for initial deployments and may sell minority stakes to accelerate growth. Uber has already integrated Waymo's robotaxis in Austin and Atlanta and partnered with Lucid and Nuro to deploy 20,000 autonomous vehicles over six years.

Analysts suggest widespread robotaxi adoption could significantly reduce Uber's driver-dependent operational costs. This comes as Uber stock shows resilience—down 0.5% intraday but up 1% over the past week—following stronger-than-expected Q3 earnings.