April 19 (UPI) -- Uber's self-driving vehicle unit has received a $1 billion investment from three Japanese companies a few weeks before its initial public offering, the ride-hailing firm said.
Toyota, auto parts manufacturer DENSO and Japanese-Saudi venture capital group SoftBank will invest in Uber's autonomous driving division, the Advanced Technologies Group, officials said Thursday. The group will be regarded as a new entity at Uber. The investment increases the value of the ATG, which develops automated ride-sharing services around the world, to $7.25 billion.