Rivian and Uber announce $1.25B robotaxi partnership across 25 cities
Fox Business • • business
Key Points:
- Rivian and Uber announced a partnership valued at up to $1.25 billion to accelerate autonomous vehicle development and deploy up to 50,000 fully autonomous robotaxis by 2031.
- Uber will invest up to $1.25 billion in Rivian, starting with an initial $300 million investment pending regulatory approval, and plans to purchase 10,000 Rivian R2 robotaxis initially, with an option for 40,000 more by 2030.
- The robotaxis are set to debut in San Francisco and Miami in 2028, with expansion to over 25 cities across the U.S., Canada, and Europe by 2031, contingent on meeting autonomous performance milestones.
- Rivian CEO RJ Scaringe
