Uber Invests $1.25B in Rivian for Robotaxi Deal

Uber is planning a significant investment of up to $1.25 billion in electric vehicle maker Rivian, solidifying a strategic partnership. This deal includes a commitment from Uber to deploy 10,000 of Rivian's autonomous R2 SUVs as robotaxis, with operations expected to commence in 2028. The substantial capital injection from Uber highlights its aggressive push into the autonomous ride-hailing market. This collaboration signifies a major step forward in the integration of advanced electric vehicle technology with large-scale ride-sharing platforms.