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Uber Pledges Up to $1.25 Billion to Rivian for Robotaxi Fleet Development
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Uber to Invest $1.25B in Rivian for Robotaxi Fleet, Targets 50,000 Vehicles
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News18
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19-03-2026, 18:15
Uber to Invest $1.25B in Rivian for Robotaxi Fleet, Targets 50,000 Vehicles
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Uber plans to invest up to $1.25 billion in Rivian Automotive to launch robotaxis.
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The deal includes an initial purchase of 10,000 fully autonomous Rivian R2 robotaxis, with an option for 40,000 more by 2030.
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Initial deployments are set for San Francisco and Miami in 2028, expanding to 25 cities by 2031.
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Uber's investment will be spread until 2031, contingent on Rivian achieving autonomous milestones.
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A $300 million initial investment is committed, pending regulatory approval; Rivian shares rose 10%.
Read Full Article on News18 in English
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