Uber Stock Rises as London Robotaxi Launch Begins With Wayve
TLDR
- Uber launched its first autonomous taxi service in London using AI technology from British startup Wayve
- The pilot uses Ford Mustang Mach-E electric vehicles, starting with fewer than 20 cars
- A safety driver remains in each vehicle; fully driverless operations have no confirmed timeline yet
- London is Uberโs second European robotaxi market, after Zagreb with Pony.AI
- Wall Street holds a Strong Buy on UBER stock, with an average price target of $104.04, implying 36% upside
Uber launched its first autonomous taxi fleet in London on Thursday, partnering with UK-based AI company Wayve. UBER stock closed Wednesday at $76.45, up 1.61%, and rose a further 0.6% after hours to $76.89.
The pilot begins with fewer than 20 Ford Mustang Mach-E electric vehicles fitted with Wayveโs self-driving system. Riders using UberX, Uber Comfort, or Uber Electric may be matched with one of these vehicles at no extra charge.
A licensed safety driver will remain behind the wheel during the initial rollout. They can take control or apply the brakes if necessary.
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