Toyota Motor Corp will invest about $500 million in Uber Technologies Inc to jointly work on developing driverless vehicles, the Wall Street Journal reported on Monday, citing people familiar with the matter.
The investment valued Uber at about $72 billion, WSJ reported.
Earlier this year, a group of investors led by Japan`s SoftBank Group Corp invested in Uber, as Softbank became its largest shareholder.
Toyota and Uber were not immediately available for comment.
(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)