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Uber Freight exceeds $3 billion valuation after latest investment

Uber Freight is the logistics arm of the ride hailing app and has now exceeded a $3 billion valuation.

Uber announced on Friday that Greenbriar Equity Group, a New York-based private private equity firm, has invested $500 million. The new investment brings the valuation to $3.3 billion.

Uber Freight connects independent truck drivers with companies needing large volume shipping. According to the New York Post, Uber will maintain a majority ownership of their Freight arm and will use the new investment to “scale and increase product innovation.”

The $500 million investment also sees managing partners of Greenbriar, Michael Weiss and Jill Raker, join the Uber Freight board of directors.

Source: The New York Post

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Ruben Jay
Ruben Jay
Ruben Jay is an American broadcaster, media blogger, and podcast host. Currently, Ruben is the President of MultiMediaMouth.com and the executive producer and host of the popular podcasts You’re My Best Friend and ON AIR with Ruben Jay, exclusively on MultiMediaMouth.com. Follow Ruben on Instagram, Twitter, and Tiktok @TheRubenJay.

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