Uber Commits $1.25 Billion to Rivian for Robotaxi Fleet Expansion
Uber is investing up to $1.25 billion in Rivian to acquire thousands of its R2 electric vehicles, aiming to significantly expand its robotaxi fleet.
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Rivian’s stock is popping as the EV maker becomes the latest to partner with Uber
Uber plans to invest as much as $1.25 billion in the EV maker as they partner on robotaxis.
By Emily Bary
Read full article →Uber is investing up to $1.25 billion in Rivian to add thousands of robotaxis to its fleet
Rivian launched its more affordable R2 electric vehicle this month. Jacek Boczarski/Anadolu via Getty Images Rivian is the latest company to strike a robotaxi deal with Uber. The ride-hailer has agreed to buy up to 50,000 autonomous R2 EVs and invest up to $1.25 billion in the Tesla rival. The robotaxi fleet is set to begin operating in San Francisco and Miami in 2028. Uber is striking robotaxi deals left and right, and Rivian is the latest automaker to join its roster. The two companies an...
Read full article →Uber invests $1.25B in Rivian for 50,000 robotaxis
Read full article →Rivian rallies as Uber commits $1.25B to robotaxi fleet
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