Uber Technologies has announced a significant partnership with electric vehicle maker Rivian Automotive, planning to invest up to $1.25 billion to deploy up to 50,000 autonomous robotaxis globally by 2031. The agreement includes the purchase of 10,000 fully autonomous Rivian R2 electric vehicles, with an option for an additional 40,000 starting in 2030.
Key Takeaways
Uber and Rivian have announced a partnership to deploy up to 50,000 autonomous R2 vehicles by 2031. Uber will invest up to $1.25 billion in Rivian, with an initial $300 million commitment subject to regulatory approval. The robotaxis will be available exclusively through Uber's ride-hailing app and are expected to launch in San Francisco and Miami in 2028.
- Uber plans to invest up to $1.25 billion in Rivian for autonomous vehicles
- Partnership aims to deploy 50,000 self-driving R2 vehicles by 2031
- Initial investment of $300 million subject to regulatory approval
- Robotaxis will launch in San Francisco and Miami in 2028
- Rivian's third-generation autonomy platform includes advanced sensors and AI technology
According to multiple reports, the initial investment of $300 million from Uber is expected soon following the deal's signing, subject to regulatory approval. This investment equates to about 19.55 million shares of Rivian, as confirmed by a company spokesperson. The robotaxis will be available exclusively through Uber's ride-hailing and delivery platform in 25 cities across the U.S., Canada, and Europe.
The first deployments are planned for San Francisco and Miami in 2028. Rivian CEO RJ Scaringe expressed enthusiasm about the partnership, stating that it will help accelerate their path to level 4 autonomy. The Rivian R2, starting at $48,490 for consumers in 2027, is equipped with advanced sensors and AI technology designed to create one of the safest autonomous platforms.
Uber CEO Dara Khosrowshahi also expressed confidence in Rivian's approach, highlighting their vertical integration and data-driven strategy. This partnership marks a significant step for both companies in the burgeoning market of self-driving cars, competing against established players like Waymo and Tesla.
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