Former Uber CEO Travis Kalanick during a trial between Waymo and Uber on Feb. 7, 2018, in San Francisco. (Photo: Justin Sullivan/Getty Images)Uber and Travis Kalanick in the same headline? What is it, 2016?
It’s true. The king of ride-hailing is reportedly in talks with its cofounder—famously forced out of the company eight years ago—to help fund his acquisition of the U.S. arm of the Chinese self-driving car company
Pony.ai.
“Always be hustling,” indeed.
Pony, as it so happens, was founded in Silicon Valley in 2016. It’s publicly traded in the U.S. and is currently worth about $4.5 billion, but the majority of its operations are in China, split between Beijing and Guangzhou. (A slight issue given this Trump administration’s priorities.)
If the deal happens—and that’s a big if,
according to the New York Times—Kalanick would run Pony U.S. on top of his existing job as CEO of CloudKitchens, which operates so-called dark kitchens dedicated to food delivery.
So what’s in it for Uber, besides a bit of super pumped nostalgia? Answer: A stronger position in the autonomous driving race.
As Tesla and Zoox engage in their plans to roll-out robotaxi services across the U.S., there’s a creeping sense that the market leader, Alphabet’s Waymo, is so far ahead that it might lap the pack.
And Uber, by far the largest ride-hailing service in the U.S. (and a major player in myriad global markets), has no interest in watching customers migrate to another app as human drivers become an anachronism.
—AN