Overview
- Uber has committed an initial $300 million investment in Rivian, pending regulatory approval, with additional tranches through 2031 tied to undisclosed autonomous‑performance milestones.
- The plan begins with 10,000 Rivian R2 robotaxis operating in San Francisco and Miami in 2028, followed by expansion to roughly 25 cities across the U.S., Canada, and Europe by 2031.
- R2 robotaxis under this agreement will be available exclusively on Uber’s platform, and Uber and its fleet partners hold an option to purchase up to 40,000 more vehicles starting in 2030.
- Rivian’s third‑generation autonomy stack for R2 includes 11 cameras, five radars, and one LiDAR powered by two in‑house RAP1 chips totaling about 1,600 TOPS, with Level 4 capability still to be proven publicly.
- Rivian shares jumped in early trading after the announcement, while the deal reinforces Uber’s role as a distribution platform through partnerships that also include Waymo, Lucid, and Nvidia.