Uber Raises Delivery Hero Stake to 37% at €40 per Share, Signs EV Pact in India
UBER•Uber boosted its stake in Delivery Hero from 25% to nearly 37% by acquiring Aspex’s 14.6% holding at just under €40 per share valuing the company at about €12 billion. It also inked an MoU with JSW Group to co-develop tailored EVs for Uber’s Indian ride-hailing fleet supporting national net-zero targets.
1. Delivery Hero Stake Increase
Uber raised its holding in Delivery Hero from 25% to nearly 37% by acquiring Aspex Management’s 14.6% stake at just under €40 per share, valuing the Berlin-based delivery firm at approximately €12 billion. Following initial offers of €33 and €38 per share that were rebuffed by major investors, Uber’s board convened over the weekend to discuss whether to increase its takeover proposal further.
2. JSW Group EV Collaboration
Uber and JSW Group signed a memorandum of understanding in Mumbai to jointly develop and deploy electric vehicles tailored for India’s ride-hailing market. The collaboration aims to scale localized EV solutions on Uber’s platform in line with national net-zero objectives, leveraging JSW’s automotive capabilities and Uber’s mobility network.
