Uber Technologies Inc. and Banco Santander established a €1 billion financing program for European fleet operators.
The initiative spans three years to support professional operators in upgrading and expanding vehicle fleets. Funding will target key markets including Spain, Germany, and Italy.
Uber aims to strengthen regional supply and service quality through these scalable solutions. CEO Dara Khosrowshahi stated the program lays the groundwork for future autonomous vehicle expansion in Europe.
Capital deployment will fluctuate based on local market demand and regional factors.