• Uber to invest up to $1.25 billion in Rivian through 2031, subject to the achievement of autonomous performance milestones
  • Uber, or its fleet partners, expected to purchase 10,000 fully autonomous R2 robotaxis with the option to purchase up to 40,000 more in 2030
  • Initial commercial deployments planned for San Francisco and Miami in 2028, scaling to 25 cities through 2031

Rivian Automotive, Inc. (NASDAQ:RIVN) and Uber Technologies, Inc. (NYSE:UBER) today announced a partnership to help accelerate both companies' autonomous vehicle plans, expecting to deploy 10,000 fully autonomous R2 robotaxis in the first phase of R2 robotaxi deployment. Initial deployments are expected to begin in San Francisco and Miami in 2028 and will expand to 25 cities by 2031.

Uber will invest up to $1.25 billion in Rivian through 2031, subject to the achievement of certain autonomous milestones by specific dates, building towards a scaled, fully-autonomous fleet of Rivian R2 robotaxis, which will be available exclusively through the Uber platform. An initial $300 million investment has been committed to following signing, subject to regulatory approval.

Should all milestones be achieved, the companies will have deployed thousands of unsupervised Rivian R2 robotaxis across 25 cities in the US, Canada, and Europe by the end of 2031. The companies also have the option to negotiate the purchase of up to 40,000 more autonomous Rivian R2 vehicles beginning in 2030.