Uber Technologies (NYSE: UBER) and Motional, a global driverless technology leader, have announced a new commercial agreement to offer fully driverless rides using Motional's new all-electric IONIQ 5-based robotaxis.

The company’s say that the decade-long, mult-imarket agreement will create the opportunity for effective scaling and broad adoption of autonomous vehicles by pairing Motional's advanced driverless technology with Uber's customer network across more than 11,000 cities worldwide. The commercial partnership will share targeted insights to efficiently allocate and position Motional's vehicles. 

Uber says that autonomous vehicles represent a unique opportunity to leverage insights to optimize operations, including reducing vehicle downtime and unnecessary miles traveled.

Noah Zych, Global Head of Autonomous Mobility and Delivery at Uber stated: "We're excited to leverage the power of Uber's platform to bring Motional's advanced autonomous technology to a wide range of riders at the push of a button. The scope of this partnership shows the important role that shared autonomous vehicles will play in the future of transportation, and in Uber's strategy to be the global platform to help you go anywhere and get anything."

Uber, a mobility-as-a-service provider, launched in 2010 and operates across more than 72  countries around the world.

Shares of Uber Technologies trade on the NYSE under the ticker symbol UBER.