Kirkland Advises Avride on Strategic Investment and Other Commitments of up to $375 Million from Uber and Nebius

Kirkland & Ellis advised Avride, a leading developer of autonomous driving technologies, in connection with up to $375 million in strategic investments and commercial commitments from Uber Technologies, Inc. and Nebius Group. The transaction builds on Avride’s commercial partnership with Uber, following the signing of a multi-year strategic agreement in 2024. The new funding will enable Avride to accelerate the growth of its fleet, support AI-driven product development and expand its offering into new geographies.

Read the transaction press release

The Kirkland team included 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 Kirkland team worked closely with Alex Tarnow, Avride’s general counsel, on the transaction.