Last week, Rivian (RIVN) and Uber (UBER) completed a $1.25 billion deal for up to 50,000 R2 robotaxis. The two dealmakers — Rivian CEO RJ Scaringe and Uber CEO Dara Khosrowshahi — have known each other for years, and the agreement was in the works for some time. “Transportation, mobility is a small world, so I've known Dara for a long time,” Scaringe told Yahoo Finance in an exclusive interview. “We’ve been talking about this deal for maybe about a year, but different versions of it, and it’s hard to defi ...

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 ...