Uber Signs a Deal with Volvo to Buy 24,000 autonomous vehicles as soon as 2019

No one knows what will be the future of self-driving cars or how long it will take to get there. But every leading player in the field is taking big steps towards the future of autonomous vehicles.

Uber on Monday announced a new deal with Volvo.  As a part of the agreement, Uber plans to buy as many as 24,000 autonomous vehicles from Volvo by 2019, once the technology is production-ready.

The deal shows Uber’s preparation to own and operate its own fleet of autonomous vehicles.

Monday’s deal between Uber and Volvo unveils the beginning of a ­multibillion-dollar robot uprising that could reshape how people get from one place to another.

Uber will buy XC90 plug-in hybrid’s base version, the model that’s been part of its collaboration with Volvo

Since 2015, the XC90 plug-in hybrid model has been part of Uber’s collaboration with Volvo, and now Uber will buy the base version of the model.  The model equipped with some sensors and radar and Uber will install the rooftop camera and LiDAR rig by spending additional money. The company will also add a computer in the trunk for visual data processing and to power the vehicle controlling software.

Vice president of Volvo for product strategy, Marten Levenstam said, “We think it’s better to be part of the potentially disruptive change as opposed to standing on the sidelines and watching it happen.” “This will be a major change for the whole auto industry,” Marten added.

Uber’s head of automotive alliances, Jeff Miller also said that the company’s goal is not just to build the tech but to make a clear path to achieve it and deploy it at major scale.

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