Auto maker and ride-hailing company will jointly work on driverless-vehicle development as part of investment Toyota Motor Corp. is investing about $500 million in Uber Technologies Inc. as part of an agreement by the companies to work jointly on autonomous vehicles aimed at improving safety and lowering transportation costs. Toyota’s investment values Uber at about $72 billion, slightly higher than where SoftBank GroupCorp.valued the ride-hailing company earlier this year wi

SAN FRANCISCO— Getaround, a platform that lets users rent out their own cars using an app, has raised $300 million in a Series D financing round led by SoftBank. Also participating was Toyota Motor Corporation along with inside investors. Getaround provides instant and keyless carsharing through its patented, integrated hardware and software platform, improving efficiency by eliminating the need for manual key exchange between renters and owners. Getaround’s patented technolo

Hyundai Motor Co. Monday said it has invested an undisclosed amount in self-drive car sharing company Revv. As part of a strategic partnership, both companies will work together to develop car-sharing products and new mobility service platforms. In a press release, the local unit of the South Korean car maker said Gurugram-based Revv is India’s fastest growing self drive car sharing company. In 2018, the car sharing segment in India expanded to $1.5 billion from just $900 mil

Russian car-sharing company Yandex.Drive, owned by Russia’s largest internet group Yandex, has bought startup fuel delivery service Toplivo v Bak, Yandex and the founder of the startup said on Wednesday. Toplivo v Bak, which translates as “Fuel to the Tank”, will help Yandex.Drive improve the fuelling of its growing car fleet, the company said in a statement. The size of the deal was not disclosed. Toplivo v Bak and rival company Pump deliver fuel direct to parked cars on beh