The ride-hailing could have one of the largest stock offerings of all time
brought massive amounts of scrutiny to the program and caused Uber to temporarily remove its autonomous vehicles from roads where they were operating.
The company is back to testing, Uber's chief self-driving scientist said on Tuesday, and the company is still investing massive amounts of capital into the software and hardware for its eventual autonomous fleet. After all, self-driving cars are seen by many as the company's only way to profitability given that paying drivers is one of Uber's biggest expenses.
Other bets don't stop at autonomous taxis, either. Uber's new mobility unit is working to advance its bike and scooter offerings, which began with the company's purchase of Jump Bikes last year. Most recently, its scooters launched in Washington D.C. and London among others. The group, overseen by Rachel Holt in D.C., has
. The service is powered by the Israeli tech startup Moovit, and also allows users to purchase train tickets directly in the Uber app.. Allison took over from former chief product officer Jeff Holden in 2018, shortly after the company's annual elevate conference in Los Angeles. This year's elevate conference is set for June in Washington D.C.But until those moonshot services are making money, investors will likely be focused on the company's main ride-hailing business.
Now, under the leadership of Dara Khosrowshahi, who has led the company since 2017, Uber has taken a different approach. The former Expedia executive summed up the change in one simple sentence:
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