In another big move in the robotaxi space, Rivian (RIVN) will supply Uber (UBER) with up to 50,000 fully autonomous robotaxis in exchange for up to $1.25 billion in funding. Uber and its fleet partners will purchase 10,000 Rivian R2 robotaxis, with an option to purchase 40,000 more in 2030. Initial deployments will start in San Francisco and Miami in 2028, with plans to scale to 25 cities by 2031. Uber’s $1.25 billion investment is subject to certain autonomous milestones, though an initial $300 million ...

Uber and Rivian Partner to Deploy up to 50,000 Fully Autonomous Robotaxis Uber and Rivian Partner to Deploy up to 50,000 Fully Autonomous Robotaxis Share SAN FRANCISCO & IRVINE, Calif.--(BUSINESS WIRE)--Rivian Automotive, Inc. (NASDAQ: RIVN) and Uber Technologies, Inc. (NYSE: UBER) today announced a partnership to help accelerate both companies' autonomous vehicle plans, expecting to deploy 10,000 fully autonomous R2 robotaxis in the first phase of R2 robotaxi deployment. Initial deployments are expected to ...