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Rivian & Uber's Robotaxi Partnership: $1.25B Deal

Published 3 weeks, 1 day ago
Description

Rivian and Uber announce a significant partnership to build thousands of robotaxis using Rivians upcoming R2 SUV. Uber invests $300M initially, planning to buy 10,000 fully autonomous R2s for SF and Miami by 2028. The deal could reach $1.25B for Rivian, with options for 40,000 more vehicles. The companies aim to expand the fleet to 25 cities across North America and Europe by 2031. Rivian faces challenges in production and self-driving tech development, but remains committed to autonomy.

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