WHO and WHAT? — Uber to Invest Up To US$1.25 Billion
Tech giant Uber has announced a major partnership with electric automaker Rivian, committing up to $1.25 billion in investment through the year end of this decade contingent on meeting specific autonomy milestones starting at an initial signing payment and extending over several decades; as part of these terms both companies will deploy 40% fully autonomous robotaxis initially followed by additional purchases potentially reaching a total fleet size exceeding fifty thousand vehicles across North America, Europe.
Key Points
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1Uber announced a partnership with electric vehicle manufacturer Rivian to deploy autonomous ride-hailing services.
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2The deal includes an investment of up to $1.25 billion from Uber into Rivian through 2031.
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3Under the agreement, both companies plan to launch and operate approximately 50,000 driverless robotaxis across California.
Developments
Perspectives
Uber and Rivian have announced a partnership to deploy up to 50,000 autonomous vehicles in California.
— [Mar 20, 16:22] Uber and Rivian plan to bring robotaxis to California (Los Angeles Times)In this landmark deal set to redefine the future of mobility, Uber is investing up to $1.25 billion through a partnership with electric vehicle innovator Rivian.
— [Mar 20, 10:55] Uber bets $1.25 billion on driverless future with Rivian deal (Bolnews)The core of the agreement is an ambitious plan to deploy up to 50,000 fully autonomous ride-hailing vehicles.
— [Mar 20, 16:49] Řidič (ne)nalezen. Uber investuje pr̸es miliardu dolaru do autonomni ch taxi ku (Forbes.cz)Rivian and Uber announced on Thursday that they will support the deployment of a fully autonomous fleet through an investment up to USD 1,25 billion.
— [Mar 20, 02:57] Uber invests up to US$D1.25 bilion in Rivian robotaxis (Sarawaktribune)The partnership involves a plan for the deployment of over ten thousand driverless vehicles as part of an autonomous ride-hailing ecosystem.
— [Mar 20, 16:49] Řidic̑ (ne)nalezen. Uber investuje pr̀es miliardu dolaru do autonomni ch taxi kuUber and Rivian have partnered to deploy up to 50,000 autonomous R2 vehicles across North America and Europe by 2031 through an initial investment capped at $1.25 billion subject to performance milestones. The first robotaxis will operate in San Francisco and Miami starting in 2028 exclusively via the Uber app as Rivian prepares its most affordable SUV for consumer release beginning next year while reporting improved earnings despite recent layoffs.