NAGOYA, Japan/PALO ALTO, U.S. -- A trio of Japanese companies, headlined by SoftBank Group and Toyota Motor, will invest $1 billion in the autonomous vehicle unit of Uber Technologies, aiming to catch up with Google-spawned leader Waymo, the group announced on April 19.
Under the deal, Toyota will invest $400 million in Uber Advanced Technologies Group, while SoftBank will contribute $330 million through its Vision fund. The remaining $267 million will come from auto parts supplier Denso, a Toyota affiliate.
