New York City–based private equity firm Greenbriar Equity Group has plans to invest to $500 million in Uber Freight, the logistics arm of Uber Technologies, valuing the unit at $3.3 billion.
Uber will maintain majority ownership in Uber Freight and will use the funds to continue to scale its logistics platform and accelerate product innovation to equip shippers with technology to power their supply chains.
Uber Freight launched in 2017 with a mission to simplify the movement of goods to help communities thrive. Since then, the company has built one of the world’s largest digitally enabled carrier networks and transformed logistics management for thousands of shippers. Uber Freight’s driver-first carrier tools enable trucking companies and their drivers to book loads as seamlessly as they would book an Uber ride, while the company’s suite of on-demand logistics solutions, APIs and software integrations provide shippers with the ability to seamlessly plan, budget
