Uber is handing over its troubled self-driving vehicle unit to Amazon-backed Aurora as the tech giant continues to unload unprofitable business divisions and the industry moves away from robotaxis to autonomous trucking and food delivery.As part of the equity deal, Uber will invest $400 million in Aurora and get a 26% stake in the company, an Aurora spokesperson told FreightWaves. System engineering and testing is the glue that connects the many different parts that make up our technology, ensuring that our vehicles are ready for the real world. TechCrunch first reported in November that the two companies were in talks for ATG. Negotiate supply and commercial terms that put Uber ATG in the best position to succeed. Experienced Supply Chain Analyst with a demonstrated history of working in the electrical and electronic manufacturing industry. -- CNBC's Lora Kolodny contributed to this report. Uber's co-founder and former CEO Travis Kalanick had viewed self-driving as an essential investment, saying in 2016 he believed the world would shift to autonomous vehicles. Self-driving vehicle start-up Aurora is acquiring Uber's Advanced Technologies Group, which works on self-driving technology. Scale/supply chain Reliability and scalability are key to the success of self-driving deployment globally. Uber acquired Jump outright in 2018 with the stated intention of running and growing that brand independently. Overall, Uber and ATG investors and employees are expected to own a 40% stake in Aurora, according to a regulatory filing accompanying the deal; Uber alone will hold a 26% stake. This is a easy way to understand the Uber supply chain. The start-up is being valued at $10 billion in the transaction, according to a person familiar with the terms of the deal. Learn more about Uber Advanced Technologies Group and our mission to bring safe, reliable, self-driving transportation to everyone, everywhere. © 2021 CNBC LLC. We ensure that, at every stage of development, our self-driving vehicles are demonstrably safe when operating on public roads. Global Business and Financial News, Stock Quotes, and Market Data and Analysis. "With the addition of ATG, Aurora will have an incredibly strong team and technology, a clear path to several markets, and the resources to deliver," Chris Urmson, co-founder and CEO of Aurora, said in a statement. Uber ’s self-driving unit, Advanced Technologies Group (ATG), is being acquired by its start-up competitor Aurora Innovation, the companies announced Monday. The deal, expected to close in the first quarter of 2021, values ATG at approximately $4 billion. The company has established a new online sales portal and Walker Logistics, in conjunction with its long term client Kavis, has been appointed to manage the fulfilment of orders for merchandise placed via the website. Aurora is backed by Hyundai, Amazon and major venture firms including Greylock and Sequoia. Reliability and scalability are key to the success of self-driving deployment globally. Uber's self-driving unit, Advanced Technologies Group (ATG), is being acquired by its start-up competitor Aurora Innovation, the companies announced Monday. This means Uber ATG was valued at $7.25 billion at that time. Scale/supply chain Reliability and scalability are key to the success of self-driving deployment globally. Our technology and teams process this data and combine it with maps into a complete representation of the world around us. We’re combining hardware and software technology into a new type of rider experience never seen before. Uber CEO Dara Khosrowshahi will join the company's board, and the ridesharing giant will also invest $400 million into the start-up, which is getting a $10 billion valuation. The sharing economy, aka Uberization, may be the biggest disruptor to supply chain strategic thinking since lean. Scale/supply chain Reliability and scalability are key to the success of self-driving deployment globally. By using data, we can carefully model how self-driving systems will interact with cities and where the best places to deploy our vehicles are. The unit was valued at $7.25 billion in Apr. Scale/supply chain Reliability and scalability are key to the success of self-driving deployment globally. Data is a real-time snapshot *Data is delayed at least 15 minutes. Connecting our self-driving system to the Uber network is only the beginning. Uber Supply Chain. The Bringg partnership gives Uber greater access to retail customers, according to the companies. Our technology is designed to perform across a large fleet of vehicles and manufacturers in complex and diverse operating areas. A Division of NBCUniversal. Our software interprets the world around the vehicle, predicts what actors will do next, and plans a way to safely navigate on-road. We want to hear from you. Through a robust process of safety specification and testing, we are guiding self-driving technology onto the Uber network at a global scale. The equity deal valued the ATG … Uber selling self-driving unit to Silicon Valley start-up Aurora. "Simply put, Aurora will be the company best positioned to deliver the self-driving products necessary to make transportation and logistics safer, more accessible, and less expensive. ATG had been a long-term play for Uber, but the unit brought high costs and safety challenges. Uber Technologies is selling its autonomous driving unit, Uber Advanced Technologies Group (ATG), to self-driving car startup Aurora, media reports said. 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