Uber bets big on Rivian autonomy with new $1.25B robotaxi deal
TL;DR Summary
Uber will invest $1.25 billion in Rivian through 2031 (with an initial $300 million) to deploy up to 50,000 autonomous Rivian R2 robotaxis, starting with 10,000 in San Francisco and Miami in 2028 and expanding to 25 more cities by 2031; the Rivian fleet will be exclusive to Uber’s app and contingent on hitting autonomy milestones and regulatory approval, as Rivian pursues Level 4 tech (with its own AI chips) that is still largely unproven.
- Uber to invest $1.25 billion in Rivian as part of new robotaxi deal The Verge
- Uber to invest up to $1.25 billion in EV maker Rivian in deal to launch 50,000 robotaxis CNBC
- Uber and Rivian Team Up to Deploy 50,000 Robotaxis Gizmodo
- Rivian’s stock is popping as the EV maker becomes the latest to partner with Uber MarketWatch
- Uber to invest up to $1.25 billion in Rivian for robotaxi push Axios
Reading Insights
Total Reads
0
Unique Readers
4
Time Saved
48 min
vs 49 min read
Condensed
99%
9,694 → 75 words
Want the full story? Read the original article
Read on The Verge