On January 16, according to people familiar with the matter, Uber is continuing to streamline its business in order to achieve its profit target. The latest move is to divest the delivery robot Department of postmates x, which was acquired by the takeout giant postmate last year at a cost of $2.65 billion. Postmates x will become an independent company and be renamed service robotics. Its automatic sidewalk delivery robot has been put into pilot operation.
The robot, recently delivered in West Hollywood in collaboration with pink dot stores, may become a core product of the new company.
Meanwhile, Uber will retain a stake in serve robotics and sign a business agreement with the start-up. Service robotics can obtain intellectual property and other assets in exchange. Uber is discussing retaining about 25% of the new company, according to people familiar with the matter.
Postmates' exploration of sidewalk delivery robots began in 2017, when it quietly acquired LOX, casani's start-up. Postmates launched the first generation of serve automatic delivery robots in December 2018. The second generation appeared in the summer of 2019, with the exception of lidar sensors, which are of exactly the same design. Instead of working with other companies, postmates uses its own delivery data to form the basis of how to design and deploy the sidewalk robot.
The novel coronavirus pneumonia will be a PostMates X, which will meet the Uber's streamlined business strategy, which began after its initial public offering (IPO) in May 2019 and accelerated when the new crown pneumonia outbreak came under pressure last year.
In 2020, Uber divested the complex scooter and bicycle sector Jump from a complex transaction with Lime, sold its logistics department Uber Freight worth 500 million US dollars, and sold its auto driving vehicle Uber ATG and air taxi business Uber Elevate.
The transaction structure of Aurora's acquisition of Uber ATG is similar to that of lime's acquisition of jump. Uber handed over its stake in Uber ATG to aurora and invested $400 million in exchange for a 26% stake in the merged company. In a similar deal, Uber raise was sold to Joby aviation in December last year.