Hertz surges after announcing autonomous fleet partnership with Uber
Hertz is up over 15% in premarket trading Thursday on news that its affiliated operating company, Oro Mobility, is partnering with Uber to manage autonomous vehicle fleets. That means Oro will support Uber’s autonomous Lucid robotaxis with “charging, maintenance, repairs, cleaning, and depot staffing” in the San Francisco Bay Area later this year.
The deal also expands into driver-led fleet operations, with Oro operating vehicles — and in some cases employing drivers — on Uber’s platform, a shift toward more centralized, fleet-based ride-share models.
Uber, which exited developing its own robotaxi technology in 2020, has recently positioned itself at the center of the robotaxi push through partnerships.
The deal also expands into driver-led fleet operations, with Oro operating vehicles — and in some cases employing drivers — on Uber’s platform, a shift toward more centralized, fleet-based ride-share models.
Uber, which exited developing its own robotaxi technology in 2020, has recently positioned itself at the center of the robotaxi push through partnerships.
