From FoxBusiness.com…..
Uber announced Friday that its freight business won a multi-million investment from an investor group led by New York-based Greenbriar Equity Group that would value the unit at $3.3 billion.
The investor group — which has over $4 billion in committed capital focused on investments — has committed to buying $500 million in preferred stock to fund Uber’s logistics arm.
“Trucking is one of Uber’s biggest and most promising opportunities,” Uber CEO Dara Khosrowshahi tweeted. “Today’s $500M investment from Greenbriar is a testament to the @UberFreight team’s consistent innovation, and I’m excited for them to continue to lead the industry forward.”
