GlobeNewsWire
02 Jun 2026, 08:30 UTC · 2h ago
WeRide, Uber and AVOMO Bring Robotaxis to Madrid
GlobeNewsWire
02 Jun 2026, 08:30 UTC · 2h ago
Story key points
4 claims · impact-rated
WeRide and Uber are launching Spain's first commercial Robotaxi pilot in Madrid later this year. — The first commercial entry into a major European market validates the technology's scalability and regulatory viability in the EU.
+0.60WeRide and Uber plan to deploy tens of thousands of Robotaxis across 15 cities globally by 2030. — This provides a clear, large-scale growth roadmap for autonomous vehicle adoption, affecting long-term valuation for both companies.
+0.50WeRide is utilizing an asset-light operating strategy, relying on partners like AVOMO for fleet investment and platform support. — An asset-light model reduces capital expenditure and financial risk for WeRide, potentially improving margins.
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The Madrid service will initially include trained vehicle operators before transitioning to fully driverless commercial service. — The reliance on human operators initially indicates that full autonomy is not yet ready for immediate, unsupervised European rollout.
Ticker attribution
Model heads
The company is expanding its commercial robotaxi operations into Europe via a new pilot in Madrid.
Uber is entering the European robotaxi market through a strategic partnership and fleet expansion in Madrid.
[mutual] The companies have a strategic agreement to deploy tens of thousands of Robotaxis globally, including a pilot in Madrid.
[a_to_b] WeRide provides the autonomous driving technology used in the Robotaxi services integrated into the Uber app.
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