Welcome back to TechCrunch Mobility, your hub for the future of transportation and now, more than ever, how AI is playing a part. To get this in your inbox, sign up here for free — just click TechCrunch Mobility! A few weeks ago, I wrote about how Uber seemed to be everywhere, all at once in the emerging autonomous vehicle technology sector. The Financial Times has now put a number on it. The FT calculated that Uber has committed more than <head>0 billion to buying autonomous vehicles and taking equity stakes in the companies developing the tech, according to public records and discussions with folks behind the scenes. About $2.5 billion of that is in direct investments, with the remaining $7.5 billion to be spent on buying robotaxis over the next few years, the outlet reported. We’ve reported on Uber’s numerous investments and deals with autonomous vehicle companies across drones, robotaxis, and freight. Some of its investments include WeRide, Lucid and Nuro, Rivian, and Wayve. This rather large number (and particularly that $7.5 billion) got me thinking about another transformative era in Uber’s history and how it has visited these asset-heavy shores before. Uber might have started with a plan to be asset light, but for a brief period it did quite the opposite. Uber went on a moonshot spree between 2015 and 2018. It launched electric air taxi developer Uber Elevate and the in-house autonomous vehicle unit Uber ATG, which would be boosted by its acquisition of Otto in 2016. It also snapped up micromobility startup Jump in 2018. And then in 2020, Uber pulled the asset-heavy rip cord, ostensibly leaving all of those moonshots behind. Uber sold Uber ATG to Aurora, Jump to Lime, and Elevate to Joby Aviation. But it didn’t completely divest; it kept equity stakes in all of them. Uber is now entering into a new and different asset-heavy era. It’s not plunking down millions, or even billions, to develop the technology in-house, although I’m sure folks there would be quick to pipe up that there is always R&D happening over at Uber. Instead, it appears to be focused on owning (or perhaps leasing) the physical assets. Techcrunch event San Francisco, CA | October 13-15, 2026 That could mean interesting line items on Uber’s balance sheet in the future. Owning fleets of robotaxis built by other companies might not have been the original vision of Uber, or its former CEO Travis Kalanick, who has said the company made a mistake when it abandoned its AV development program. But this new approach could still get it to the same end point. A little bird Image Credits:Bryce Durbin Earlier this month, I interviewed Eclipse partner Jiten Behl about the venture firm’s new <head>.3 billion fund and where that money might be headed. The firm, as I wrote, intends to incubate more startups (e.g., it was behind the Rivian spinout Also). Behl wouldn’t give me details, only stating, “We’re definitely working on a couple of really cool ideas.” He also said Eclipse is particularly interested in startups that work across enterprises. Thanks to one little bird and some document diving by senior reporter Sean O’Kane, it looks like a seed round announcement is imminent for a San Francisco-based startup working on an autonomous hauler that I’ve been told doesn’t have a driver cab. This sounds similar to what Einride has built, but since we haven’t seen it, we’ll have to wait. The company’s roster isn’t big, but it is chock-full of Silicon Valley tech elite, including a founder who was at Uber ATG, Pronto, and Waabi. Stay tuned for more. Got a tip for us? Email Kirsten Korosec at kirsten.korosec@techcrunch.com or my Signal at kkorosec.07, or email Sean O’Kane at sean.okane@techcrunch.com. Deals! Image Credits:Bryce Durbin Slate is back with more capital as it prepares to put its first affordable pickup trucks into production by the end of 2026. The electric vehicle startup, which got its start with backing from Jeff Bezos, raised another $650 million in a Series C funding round led by TWG Global. Keep your eye on TWG. This is the firm run by Guggenheim Partners chief executive (and Los Angeles Dodgers owner) Mark Walter and investor Thomas Tull. Slate has raised about <head>.4 billion to date, and its previous investors include General Catalyst, Jeff Bezos’ family office, VC firm Slauson & Co., and former Amazon executive Diego Piacentini, as TechCrunch first reported last year. Other deals that got my attention … Glydways, a San Francisco-based startup developing personal autonomous pods designed to operate on dedicated 2-meter-wide lanes in cities, raised <head>70 million in a Series C funding round co-led by Suzuki Motor Corporation, ACS Group, and Khosla Ventures. Existing investors Mitsui Chemicals and Gates Frontier and new investor Obayashi Corporation also participated. But wait, there’s more.
