Uber said in its initial public offering paperwork that over the course of 2016, 2017 and 2018 it paid Google $58 million for mapping technology.
Google is noted as a key supplier of mapping technology to Uber in the ride-sharing company's IPO filing, which became available on Thursday.
Google Maps technology appears when a person enters a destination in the Uber app; the technology shows the current place, the destination and a route, along with estimates of arrival times."From January 1, 2016 through December 31, 2018, we have paid Google an aggregate of approximately $58 million pursuant to this agreement," Uber said.
In 2015 Uber acquired mapping start-up deCarta for an undisclosed sum. The start-up's CEO, J. Kim Fennell, today is Uber's head of product partnerships and U.S. and Canada business development; he is the person who signed two contracts with Google for mapping technology on behalf of Uber. "We do not believe that an alternative mapping solution exists that can provide the global functionality that we require to offer our platform in all of the markets in which we operate. We do not control all mapping functions employed by our platform or Drivers using our platform, and it is possible that such mapping functions may not be reliable."The two companies have a tangled history.
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