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“Hertz Jumps on Uber Robotaxi Fleet Deal as Autonomous Push Accelerates” 🚨🚨🚨

Hertz Global Holdings ($HTZ) is surging more than 15% in premarket trading after announcing a major partnership tied to the growing autonomous vehicle industry.

Through its affiliated operating company Oro Mobility, Hertz will work with Uber Technologies Inc. to help manage autonomous vehicle fleets, including support for Lucid Group robotaxi operations in the San Francisco Bay Area later this year.

Under the agreement, Oro Mobility will handle critical fleet infrastructure services such as charging, maintenance, repairs, cleaning, and depot staffing. The partnership is designed to support Uber’s expanding autonomous ride-hailing network as robotaxis begin to scale in real-world deployments.

Beyond autonomous vehicles, the deal also extends into traditional driver-led fleet operations, where Oro will manage vehicles and, in some cases, employ drivers directly on Uber’s platform. This reflects a broader shift toward more centralized, fleet-managed ride-sharing models.

Uber, which exited in-house autonomous vehicle development in 2020, has since repositioned itself as a key platform player in the robotaxi race, partnering with multiple companies to bring self-driving services to market.

The announcement highlights how legacy transportation companies, ride-hailing platforms, and EV makers are increasingly converging as the autonomous vehicle ecosystem moves closer to commercialization.