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Uber to invest up to $1.25 billion in EV maker Rivian in deal to launch 50,000 robotaxis
Uber plans to invest up to $1.25 billion in Rivian as part of a deal to deploy up to 50,000 robotaxis in several countries through 2031.
TL;DR
- Uber plans to invest up to $1.25 billion in Rivian.
- The deal includes the deployment of up to 50,000 robotaxis through 2031.
- Uber or its fleet partners will initially purchase 10,000 autonomous Rivian R2 vehicles.
- An additional 40,000 robotaxis can be purchased starting in 2030.
- An initial $300 million investment from Uber to Rivian is expected soon.
- The robotaxis will be available exclusively through Uber's platform in 25 cities across the U.S., Canada, and Europe.
- San Francisco and Miami are the first planned cities for robotaxi deployment in 2028.
- The deal marks a significant investment for Rivian, following a software deal with Volkswagen.