Uber plans to invest $1.25B in Rivian through 2031, contingent on meeting autonomy milestones, starting with $300M at signing, to deploy 50K Level 4 robotaxis
The Verge Andrew J. Hawkins
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Discussion
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@aakashgupta
Aakash Gupta
on x
Rivian lost $13.8 billion in three years. Today they announced a robotaxi. The partner rotation is the business model at this point. Amazon: $1.3B equity plus 100K van order. VW: $5.8B joint venture. US DOE: $6.6B loan. Uber: $1.25B robotaxi deal. Every 12 to 18 months, a new [im…
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@joshkale
Josh Kale
on x
Nobody understands how much of a disaster this Rivian <> Uber deal is Rivian lost $3.6 billion last year on 42k deliveries. That's $86,000 of value destruction PER VEHICLE that left their factory. Their solution? Partner with Uber to turn a $58K camping SUV into a robotaxi... [im…
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@pitdesi
Sheel Mohnot
on x
This is great for Rivian and I'm rooting for them But it feels too distant. Deploy in SF and Miami by end of 2028 and full rollout by 2031- far in the future! Uber investing up to $1.25B based on milestones, starting with $300M now
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@zacksjerryrig
@zacksjerryrig
on x
Rivian + Uber = 50,000 robotaxis
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@uber
@uber
on x
Thrilled to supercharge our fleet with @Rivian ⚡🖤
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@andrewgordonmac
Andrew Macdonald
on x
Another big step forward for autonomous mobility Excited to partner with @Rivian to bring fully autonomous R2 robotaxis to the Uber platform, starting in San Francisco and Miami in 2028
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@theaustinlyons
Austin Lyons
on x
Personal autonomy AND robotaxis. Same form factor. Doing things Detroit can't.
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@rjscaringe
RJ Scaringe
on x
I'm excited to announce a partnership with @Uber. As part of this, Uber plans to invest up to $1.25 billion in Rivian and deploy up to 50,000 R2 robotaxis. This partnership accelerates our path to Level 4 autonomy and supports our goal of building one of the safest autonomous
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@rivian
@rivian
on x
A fleet of R2 Robotaxis is coming exclusively to @Uber. ⚡🌿 Today, we announced a partnership to help both companies accelerate their autonomous vehicle plans across 25 cities in the US, Canada and Europe by the end of 2031. https://rivian.com/... [image]
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r/cars
r
on reddit
Uber to invest $1.25 billion in Rivian as part of new robotaxi deal
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r/Rivian
r
on reddit
Uber to invest $1.25 billion in Rivian as part of new robotaxi deal