Aug. 14 at 12:07 PM
$WRD UBER involvement is WAYMO, PONY and WeRide tells an interesting story.
WAYMO: Initial investments were undisclosed and since has unntraveled itno a full breakup. The attached screenshot mentions WAYMO having minor safety incidents never disclosed before and in some other reports, thimes when bad weather shut down services.
PONY:
$100MM was planned. That in never happened. No 13F or 13G exists on ownership in PONY shares but they are said to have a partnership agreement for 2K taxis that could be an equivalent of
$70MM+
WeRide: UBER made an explicit
$100M Investment here to get the global expansion from WeRide footprint.
U BER committed > to building a massive global AV empire. WeRide is not the largess but it a a piece. UBEr wants to be top dog.
UBER will have other WAYMO type fall outs? WeRide is building a network o/s of UBER where they won't compete and UBER knows that.
Going to be a wild ride this year and next.
