Uber is seeking funds to expand its robotaxi business, partnering with private equity firms and banks. The company has already integrated robotaxis from Waymo into its app and plans to deploy 20,000 vehicles from Lucid and Nuro. CEO Khosrowshahi outlines three business models for robotaxis.

Uber plans to use a portion of its $7 billion in annual cash flows to fund deployments and may sell minority stakes in companies. Analysts believe mass robotaxi deployment could reduce operating costs and increase profitability. Despite regulatory scrutiny, companies like Tesla and Waymo are pushing for wider adoption.

Waymo is in five U.S. cities, while Tesla launched a robotaxi service in Austin and the Bay Area. Uber has not seen demand changes post-Tesla’s service launch. There are high expectations for the robotaxi industry’s growth potential, with predictions of a trillion-dollar market. Companies see it as a promising venture.

Read more at Yahoo Finance: Uber in talks with banks, private equity firms to fund robotaxi expansion