Uber's stock prices experiencing a rise today
Uber's shares are trading approximately 7.6% higher as of 11:19 a.m. ET today, following the latest expansion of its partnership with Waymo in the autonomous ride-hailing sector. This partnership, which has already seen success in Atlanta and Austin, is part of Uber and Waymo's ambitious plans to offer autonomous ride-hailing services in multiple U.S. cities.
In June 2025, Uber and Waymo officially launched fully autonomous ride-hailing in Atlanta. Riders can now hail driverless Jaguar I-PACE electric vehicles through the Uber app across a 65-square-mile area that includes neighborhoods like Downtown, Buckhead, and Capitol View. The service, which allows riders to request UberX, Comfort, or Comfort Electric, is available at no extra cost, with an option to opt out or switch to a human-driven ride before pickup.
This Atlanta rollout follows their initial launch in Austin earlier in 2025, adding to Waymo’s expanding footprint, which also includes cities such as Phoenix, San Francisco, Los Angeles, and others. The partnership allows Uber to scale autonomous vehicle (AV) services without owning its own self-driving division, as Uber sold its AV unit in 2020. Waymo’s technology underpins the robotaxi service, with plans for hundreds of autonomous vehicles operating on Uber’s network.
Safety is emphasized as a key priority, with Waymo’s AVs meeting Uber’s safety guidelines and backed by tens of millions of autonomous miles driven on public roads, demonstrating reduced traffic injuries where deployed. Riders in Waymo vehicles will have 24/7 access to customer support through the Uber app. Additionally, Waymo’s in-car screens will provide customer support in Atlanta.
Uber and Waymo plan to expand the autonomous ride-hailing service area in Atlanta beyond the initial coverage zone in the future. Waymo continues to raise significant capital to grow its robotaxi business, recently closing a $5.6 billion funding round led by Alphabet to expand services. This capital infusion supports scaling and technology enhancement, including the rollout of newer-generation electric robotaxis developed in partnership with automaker Zeekr.
Uber is also developing additional strategic partnerships in autonomous vehicle technology, such as with Cruise and Volkswagen, indicating a broader approach to AV integration alongside the Waymo collaboration. This multi-pronged strategy positions both companies competitively in the robotaxi space, aiming for more affordable, sustainable, and safe autonomous rides across multiple major U.S. cities.
References: [1] Uber Media Centre. (2025). Uber and Waymo launch autonomous ride-hailing in Atlanta. Retrieved from https://www.uber.com/newsroom/uber-and-waymo-launch-autonomous-ride-hailing-in-atlanta/ [2] Waymo. (2025). Waymo and Uber expand autonomous ride-hailing services in Atlanta. Retrieved from https://waymo.com/blog/waymo-uber-atlanta-expansion/ [3] Zeekr. (2025). Zeekr and Waymo unveil next-generation electric robotaxis. Retrieved from https://www.zeekr.com/en-us/newsroom/press-releases/zeekr-and-waymo-unveil-next-generation-electric-robotaxis [4] Cruise. (2025). Cruise and Uber partner on autonomous vehicle technology. Retrieved from https://www.cruise.com/news/cruise-and-uber-partner-on-autonomous-vehicle-technology/ [5] Volkswagen. (2025). Volkswagen and Uber partner on autonomous vehicle technology. Retrieved from https://www.volkswagen-newsroom.com/en/news/2025/06/volkswagen-and-uber-partner-on-autonomous-vehicle-technology-14544108
- Uber's collaborative initiatives, such as the one with Waymo, are expected to drive significant investment in the stock-market, given their ambitious plans for autonomous ride-hailing services in multiple U.S. cities.
- The partnership between Uber and Waymo, highlighted by their recent launch of autonomous ride-hailing in Atlanta, has the potential to revolutionize the finance sector by making autonomous rides more affordable and sustainable.
- As Uber continues to expand its strategic partnerships with companies like Cruise and Volkswagen in autonomous vehicle technology, it underscores a broader approach to investing in the future of the finance sector, specifically the technology-driven stock-market.
