Toyota invests $500 mn in Uber to roll out self-driving cabs

Uber has extended its partnership with Toyota and raised $500 million from the Japanese automaker, reportedly valuing the SoftBank-backed ride-hailing startup at $72 billion. Toyota Sienna minivans will be equipped with Uber's self-driving technology and piloted on Uber's networks from 2021. However, the minivans will be owned and operated by a third party in the new business model for Uber.