Santander and Uber establish up to €1 billion financing platform to support European fleet growth
Type: Financing · Technology: Transport · Country: Europe · Capacity: 1000000000 EUR · Value: $1B · Announced: 2026-05-05
Santander and Uber Technologies, Inc. have entered into an agreement to establish a financing platform of up to €1 billion to support Uber's top fleet operators' growth across Europe. This program is tailored towards the financing needs of professional fleet operators, aiming to facilitate access to flexible and agile funding to foster fleet investment and support Uber's long-term growth strategy. The funding scheme will run over a three-year period, with financing deployed in line with fleet-operator onboarding, market demand, and risk analysis in each country, and it also provides a foundation for the integration of autonomous vehicle technology. The initiative will help Uber's partners renew and upgrade their vehicles, operate more efficiently, and continue meeting rider demand, while also laying groundwork for autonomous vehicle expansion strategy across Europe.
Counterparties
- Santander (Lender)
- Santander Corporate & Investment Banking (Investor)
- Uber Technologies, Inc (Borrower)