Uber commits up to $1.25 billion investment in Rivian for robotaxi deployment

Uber committed to invest up to $1.25 billion in electric vehicle manufacturer Rivian as part of a new strategic partnership. This material investment aims to facilitate the deployment of up to 50,000 Rivian robotaxis, based on the R2 electric SUV model, onto the Uber platform. The collaboration is designed to advance Uber's robotaxi initiative and integrate Rivian's EV technology into its ride-hailing services. This strategic move positions Uber to expand its autonomous vehicle fleet and enhance its sustainable transport offerings across its operational markets. Rivian will benefit from the substantial capital injection, enabling it to scale production and accelerate the development of its R2 platform for commercial applications.

Counterparts (2)

Investor

Uber

company

Uber is a global technology company known for its ride-sharing and food delivery platform. While not a traditional infrastructure investor, its operations heavily rely on digital and transport infrastructure, and it actively influences the development of EV charging infrastructure through partnerships and incentives to support its electrification goals.

Partner

Rivian

company

Rivian is an American electric vehicle manufacturer focused on producing electric trucks, SUVs, and commercial vans. Beyond vehicle manufacturing, the company is actively involved in developing and operating its proprietary EV charging infrastructure, the Rivian Adventure Network and Waypoints, to support its growing fleet and customer base.