UBER - Uber partners with Motional to bring robotaxi service to Las Vegas

Uber Technologies ( NYSE: UBER ) and driverless technology company Motional announced that they will bring a robotaxi service to Las Vegas, letting riders grab an autonomous ride on Uber's app.

The announcement is part of a 10-year, non-exclusive agreement for the two companies and Motional's Level 4 autonomous vehicles. The service will see expansion into Los Angeles at a later date.

Uber ( UBER ) users can book a trip on the app and if an autonomous vehicle is available, they will be matched and receive an offer to opt-in, being notified that the car is autonomous. The vehicles will have operators, but it is expected that by 2023 it will be a fully driverless experience.

The service is using Motional's all-electric Hyundai IONIQ 5-based robotaxis. Motional is a joint venture between Hyundai and and Aptiv ( NYSE: APTV ).

Motional has also been used for Uber ( UBER ) Eats deliveries in the Greater Los Angeles area, the two companies added.

Last month, Motional and Lyft ( LYFT ) announced that they would have their own robotaxi service in Los Angeles, after having previously announced Las Vegas.

Uber ( UBER ) shares fell fractionally in premarket trading to $26.82, while Lyft ( LYFT ) also traded slightly lower to $10.37.

Earlier this week, Goldman Sachs listed Uber ( UBER ) as one of the 12 stocks that mutual and hedge funds love right now .

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