Uber Invests $1.25B in Rivian's Robotaxi Fleet
Irvine News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
Uber and Rivian form a $1.25 billion partnership to build a robotaxi fleet, with Uber investing in ten thousand autonomous Rivian R2 vehicles. The deal, pending approval, could grow to $4 billion by 2031 if Rivian hits autonomy milestones. Rivian, facing increased R&D costs, warns of no positive adjusted earnings in 2027. The partnership positions Uber as a key player in robotaxis and accelerates Rivians self-driving push with in-house chips, lidar, cameras, and radar. The companies aim to deploy thousands of unsupervised robotaxis across 25 cities in the US, Canada, and Europe by 2031.
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