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Uber to Invest Up to $1.25 Billion in Rivian for Exclusive Robotaxis

Funding is staged against autonomy milestones with service targeted to begin in 2028.

Overview

  • Uber committed up to $1.25 billion to Rivian, including a $300 million payment at signing subject to regulatory approval.
  • Driverless Rivian R2 vehicles are planned to launch on Uber in San Francisco and Miami in 2028, with a goal of reaching 25 cities by 2031 across the U.S., Canada and Europe.
  • Uber and its fleet partners plan an initial purchase of 10,000 R2 robotaxis with an option for up to 40,000 additional vehicles starting in 2030.
  • Under the agreement, Rivian robotaxis are slated to be offered exclusively through Uber’s platform.
  • The deal extends Uber’s multi-supplier robotaxi strategy that already includes Waymo service and planned integrations with Zoox and Lucid vehicles using Nuro’s technology.