Uber is expected to begin courting public investors in the coming weeks and will make its debut on the public market next month.
Uber Technologies has raised $1 billion from a consortium of investors which include Toyota Motor, Denso Corp, and SoftBank Vision Fund, to invest in its self-driving car units. The investment will speed up the development and commercialization of automated ridesharing services. The announcement of investment comes just ahead of Uber’s highly-anticipated initial public offering (IPO). The transaction is expected to close in Q3 2019.