Uber is testing a high-speed express delivery service that promises to revolutionize how people move around.
The service, dubbed UberRipples Express, has raised $40 million from a group led by former Google executive Shervin Pishevar, and the company says it is testing the technology in Los Angeles and New York.
The company says the company is aiming to have its service available in the U.S. by early 2018.
The ride-sharing company launched its first service in Los Gatos, California in July, offering drivers an array of services, including a $1,000 monthly membership to UberPool.
But it has since expanded its services to include delivery services.
UberRipples is not Uber’s only business, but it is one of the most successful in the industry.
The firm has been valued at $2.4 billion, and it has a market capitalization of $1.7 billion.
The business was valued at more than $4 billion last year, and is now valued at about $1 billion.
Uber has said it plans to add more services over time.
In addition to its own cars, Uber has partnerships with local taxi companies, as well as a fleet of Uber-branded vehicles.
The UberPool service is available in select cities and cities in the United Kingdom, and UberRiders can choose to hail a ride from one of those vehicles.
UberRipple was announced on Tuesday by Pishev’s group, which has raised more than a $100 million.