UBER Expands Its Robotaxi Network with Momenta to Launch Service in Europe

Uber (UBER) announced on Friday that it is teaming up with Chinese self-driving startup Momenta in order to launch robotaxi services outside the U.S. and China. The first rollout is planned for Europe in early 2026 and will start with safety operators inside the vehicles. Uber’s goal is to combine its global ridesharing network with Momenta’s autonomous driving technology to offer safe and efficient robotaxi rides. CEO Dara Khosrowshahi said that this partnership will help make autonomous rides more reliable and affordable worldwide.

Interestingly, Momenta has been running autonomous vehicles in various Chinese cities and has been working closely with large equipment makers. At the same time, Uber is pushing for more partnerships as competition in the robotaxi market increases. It already works with Motional and Waymo in U.S. cities, although Motional paused its robotaxi programs last year. Nevertheless, the new deal with Momenta is Uber’s first big push to bring robotaxis to international markets with a Chinese partner.

It is also worth noting that Uber has a history in self-driving technology. In fact, it previously operated its own autonomous vehicle unit, which it sold to Aurora Technologies in 2020. In addition, Aurora, which is backed by Amazon (AMZN), received a $400 million investment from Uber as part of the deal. Now, instead of running its own AV unit, Uber is focusing on partnerships like the one with Momenta to stay competitive as robotaxis begin to take on a bigger role in the ridesharing industry.

Is UBER a Buy or Sell Right Now?

Turning to Wall Street, analysts have a Strong Buy consensus rating on UBER stock based on 31 Buys, three Holds, and zero Sells assigned in the past three months, as indicated by the graphic below. Furthermore, the average UBER price target of $90.35 per share implies 6.8% upside potential.

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