Uber Invests $1.25B in Rivian for Robotaxi Deal

Uber is set to invest up to $1.25 billion in electric vehicle manufacturer Rivian as part of a significant partnership. This deal involves Uber deploying 10,000 of Rivian's fully autonomous R2 SUVs as robotaxis, with deployment slated to begin in 2028. The substantial investment underscores Uber's commitment to expanding its autonomous ride-hailing services and advancing its future mobility strategy. This collaboration highlights the growing convergence of ride-sharing technology and electric, autonomous vehicle development.