US EditionUber to invest up to $1.25 billion in EV maker Rivian in deal to launch 50,000 robotaxis
Uber will invest $1.25 billion in Rivian to deploy up to 50,000 autonomous electric robotaxis by 2031, starting with 10,000 R2 vehicles in 25 cities including San Francisco and Miami.
- On Thursday, Uber Technologies said it will invest up to $1.25 billion in Rivian Automotive to deploy up to 50,000 robotaxis, committing an initial $300 million at signing subject to regulatory approval.
- Given Uber's strategy to partner widely, it abandoned its own autonomy program in 2020 while Rivian has accelerated autonomy work with RAP1 chips and the R2 mid-size SUV, preparing R2 consumer sales this year.
- The first phase calls for Uber and partners to buy 10,000 Rivian R2 robotaxis initially, with an option for 40,000 more from 2030, deploying first in San Francisco and Miami in 2028 and funding $100 million for charging hubs.
- Rivian shares jumped in premarket trading on Thursday, and the deal gives Rivian a funding lift following its $5.8 billion software agreement with Volkswagen, analysts said.
- Remaining tranches hinge on milestones through 2031, with Uber's investment contingent on autonomous progress amid regulatory risks including the National Highway Traffic Safety Administration probe into a Waymo incident.
112 Articles
112 Articles
Uber commits up to $1.25 billion in Rivian to deploy 10,000 robotaxis
The deal provides both companies with strategic advantages. For Uber, access to a dedicated robotaxi fleet supports its broader push to integrate multiple self-driving partners across its platform. For Rivian, the capital infusion offers financial breathing room and a guaranteed customer as it accelerates the development of autonomous technology.Read Entire Article
Rivian and Nio Fall 7%: The EV Dream Is Getting Harder to Sell to Investors
Quick Read Rivian (RIVN) secured a $1.25B partnership with Uber Technologies (UBER) to deploy up to 50,000 robotaxis by 2031, yet RIVN stock fell 7% as Q4 2025 showed $1.144B in free cash flow burned and a net loss of $804M. Nio (NIO) reported first-ever quarterly GAAP operating profit of $40.4M with record deliveries up 71.7% year over year, but shares fell 7% as the market priced in the optimism and faced cash constraints with $1.61B in rese…
Uber Now Ordering Robotaxis from ... Rivian? - CleanTechnica
As I wrote recently, it seems that Uber is trying to partner with every robotaxi company under the sun. Apparently, that even includes Rivian now. Let’s be honest — we have written a lot about how Tesla is nearly a decade behind on its robotaxi plans, nearly a decade, but ... [continued] The post Uber Now Ordering Robotaxis from … Rivian? appeared first on CleanTechnica.
Uber Revs Up Rivian Robotaxis with $1.25 Billion Agreement
Apparently, the “quiet preferred” option isn’t enough for less chatty Uber riders. Uber said Thursday it’ll spend at least $300 million adding Rivian’s robotaxis to its fleet, with the potential to invest up to $1.25 billion. Uber plans to add 10,000 Rivian R2 robotaxis to its fleet, revving up to as many as 50,000 by 2031. The Rivian-Uber team-up will hit the road in 2028, starting in San Francisco and Miami, with plans to expand to 25 cities …
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