"Avride Secures Up to $375 Million in Strategic Investments from Uber and Nebius Group"

"Kirkland & Ellis advised Avride, a developer of autonomous driving technologies, on securing up to $375 million in strategic investments from Uber Technologies and Nebius Group. This funding will help Avride expand its fleet, enhance AI-driven product development, and enter new markets, building on their existing partnership with Uber established in 2024. The Kirkland team included various legal experts who collaborated with Avride's general counsel on the deal."

Kirkland & Ellis served as legal counsel to Avride, a prominent developer of autonomous driving technologies, in a transaction involving up to $375 million in strategic investments and commercial commitments from Uber Technologies, Inc. and Nebius Group. This transaction builds upon Avride's existing commercial partnership with Uber, following the signing of a multi-year strategic agreement in 2024. The new funding is intended to facilitate the growth of Avride's fleet, support the development of AI-driven products, and expand its offerings into new geographical markets. The Kirkland team comprised corporate lawyers John Kaercher, Martha Todd, Jess Lepper, Brett Mele, and Pi Praveen; technology & IP transactions lawyers Shellie Freedman and Abby O’Neill; international trade & national security lawyers Billy Phalen and Ellie Bacon; and capital markets lawyer Jennifer Wu. The team collaborated closely with Alex Tarnow, Avride’s general counsel, throughout the transaction.

"Avride Secures Up to $375 Million in Strategic Investments from Uber and Nebius Group"

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