What Does Uber's $1.25B Investment Mean for Rivian's Future?

Key Takeaways Rivian and Uber partner to deploy 10,000 autonomous R2 robotaxis starting in 2028.Uber will invest up to $1.25B in Rivian, tied to milestones and phased funding through 2031.Rivian targets Level 4 autonomy using its R2 platform and tech to expand into robotaxis.Rivian Automotive, Inc. (RIVN) and Uber Technologies, Inc. (UBER) have formed a strategic partnership to advance their autonomous vehicle ambitions. As part of the initial rollout, the companies aim to introduce 10,000 fully autonomous ...