Uber Technologies Inc (NYSE:UBER) is investing over $100 million to build charging infrastructure to support its autonomous fleet, signaling a significant push to scale its self-driving services.
Uber’s $100 Million Charging Initiative
The company said the buildout will focus on high-speed charging at locations tied to daily fleet management and other stop-in points in key markets.
The effort includes DC fast chargers at Uber’s autonomous depots and additional charging “pit stops” across priority cities, Reuters reported on Wednesday.
The first wave is set to start in the U.S., beginning with the Bay Area, Los Angeles and Dallas, before expanding to additional locations.
Uber has been leaning harder into autonomy, with the company describing self-driving as a central part of its strategy.
The Reuters report said Uber has more than 20 partnerships worldwide spanning autonomous trucking, deliveries and ride-hailing.
The company also pointed to its existing robotaxi availability on the Uber app in four U.S. cities, along with Dubai, Abu Dhabi and Riyadh.
Uber’s robotaxi partners include Alphabet Inc (NASDAQ:GOOGL) unit Waymo and China-based WeRide Inc (NASDAQ:WRD).
Partnerships Fuel Expansion of Charging Network
Alongside building its own sites, Uber is working with charging-network operators in multiple regions using what it called “utilization guarantee agreements.”
Reuters said those arrangements include EVgo in New York, Los Angeles, San Francisco and Boston, plus Electra in Paris and Madrid, and Hubber and Ionity in London.
The rollout is designed to support autonomous fleet operations as Uber tries to scale service and defend its share against rivals, including Tesla Inc (NASDAQ:TSLA).
Q4 2025 Financial Results
Following its fiscal fourth-quarter 2025 earnings report, Uber’s stock gained.
The ride-hailing giant reported a 20% year-over-year revenue growth, reaching $14.37 billion, exceeding analyst expectations of $14.32 billion.
However, its adjusted EPS of 71 cents missed the consensus estimate of 80 cents.
Revenue from Mobility increased by 19% to $8.20 billion, Delivery grew 30% to $4.89 billion, and Freight remained flat at $1.27 billion.
Gross Bookings rose 22% to $54.14 billion, with Mobility growing by 20%, Delivery by 26%, and Freight declining by 1%.
The company also saw 22% growth in trips, totaling 3.75 billion, and 18% growth in Monthly Active Platform Consumers, reaching 202 million.
Looking ahead, Uber expects first-quarter 2026 gross bookings between $52.0 billion and $53.5 billion, indicating 17%-21% growth, and adjusted EBITDA between $2.37 billion and $2.47 billion.
The company anticipates quarterly adjusted EPS of 65 cents to 72 cents, below the consensus estimate of 75 cents.
UBER Price Action: Uber Technologies shares were up 3.31% at $72.86 at the time of publication on Wednesday, according to Benzinga Pro data.
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