Uber bets big on Rivian robotaxis, targeting 50,000 autonomous EVs by 2031

Uber will invest up to $1.25 billion in Rivian to deploy up to 50,000 robotaxis through 2031, starting with a $300 million initial investment after signing and regulatory approval. The deal envisions 10,000 autonomous Rivian R2s, with an option for up to 40,000 more from 2030, rolled out across 25 cities in the U.S., Canada, and Europe, beginning in 2028 with San Francisco and Miami. Uber’s platform would host these robotaxis exclusively in the first markets; Rivian’s tech stack and vertical integration underpin the plan, which follows other mobility investments and signals a push into the anticipated robotaxi market. Licensing fees for the software are part of the agreement.
- Uber to invest up to $1.25 billion in EV maker Rivian in deal to launch 50,000 robotaxis CNBC
- Uber to invest up to $1.25 billion in Rivian for robotaxi push Axios
- Rivian’s stock is popping as the EV maker becomes the latest to partner with Uber MarketWatch
- Rivian Stock Surges on $1.25 Billion Investment From Uber. The Robo-Taxi Race Continues. Barron's
- Rivian to supply Uber with up to 50,000 robotaxis Yahoo Finance
Reading Insights
1
3
3 min
vs 4 min read
84%
701 → 109 words
Want the full story? Read the original article
Read on CNBC