Ride-hailing giant Uber Technologies (UBER) and China’s self-driving tech company Momenta have announced plans to test Level 4 autonomous vehicles (AVs) in Munich, Germany, next year. The two companies had announced their partnership in May 2025, with the aim of combining Uber’s ridesharing network with Momenta’s autonomous driving technology in markets outside of the U.S. and China.
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The Level 4 AVs can drive without human intervention in specific zones and under certain conditions.
Uber, Momenta to Bolster Robotaxi Footprint
Uber and Momenta plan to first test robotaxi services in Munich, Germany, and then expand to other European cities. The two companies chose Munich, given its “deep-rooted engineering heritage, top-tier automotive ecosystem, and openness to innovation.”
Through its deals with original equipment manufacturers (OEMs), Momenta’s advanced driver assistance system (ADAS) is already available in 400,000 vehicles. It is worth noting that Momenta has offered its autonomous driving technology to major automakers, including German brands such as Mercedes-Benz (MBGAF), BMW (DE:BMW), and Audi.
Meanwhile, Uber has been collaborating with robotaxi companies to offer autonomous driving services in domestic and international markets. For instance, in the U.S., Uber has teamed up with Alphabet’s (GOOGL) Waymo to offer robotaxis on its platform in Austin, Atlanta, Phoenix, Los Angeles, and San Francisco. Aside from its deal with Momenta, Uber’s other partnerships in international markets include collaborations with Chinese robotaxi companies WeRide and Pony AI in the Middle East, as well as with U.K.-based Wayve to offer Level 4 AVs in London.
Uber’s move to strengthen its robotaxi footprint by expanding into Europe and other markets comes as competition is increasing in this lucrative market. Interestingly, Uber’s rival Lyft (LYFT) has partnered with China’s Baidu (BIDU) to offer robotaxis across Europe in 2026, starting with Germany and the UK.
Is UBER Stock a Buy, Sell, or Hold?
With 26 Buys and four Holds, Wall Street has a Strong Buy consensus rating on Uber Technologies stock. The average UBER stock price target of $109.59 indicates 20.4% upside potential. UBER stock has rallied about 51% year-to-date.
