Uber and Hertz Are Partnering Up For Robotaxis

Robotaxis are ramping up in the United States of America. And Hertz and Uber want to be on the leading edge of it.

What’s happening:

• Hertz Global Holdings (NASDAQ: HTZ) and Uber (NYSE: UBER) have formed a new partnership focused on autonomous robotaxis
  

Why it matters:‍

• This is the first time Hertz Global Holdings has ever ventured into operating their own fleet self driving vehicles in the United States
  

Going deeper:‍

• Hertz Global Holdings has launched a new subsidiary known as Oro Mobility that will manage fleets of self driving Lucid (NASDAQ: LCID) cars that are powered by Nuro’s autonomous technology
  
• Oro Mobility will charge, maintain and operate all the Lucid autonomous vehicles being deployed as part of their new partnership with Uber and Uber will leverage their highly popular ride sharing app to facilitate rides for users throughout
  

The fine print:‍

• Hertz Global Holdings and Uber will initially only begin rolling out robotaxis in San Francisco and have not yet publicly disclosed when they will launch in other major cities

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