Home / Business and Economy / Uber Invests $1.25B in Rivian for Autonomous Rides
Uber Invests $1.25B in Rivian for Autonomous Rides
19 Mar
Summary
- Uber to invest up to $1.25 billion in Rivian through 2031.
- Initial deployment of 10,000 autonomous R2 robotaxis planned.
- Robotaxis to launch in San Francisco and Miami in 2028.
Rivian Automotive shares surged approximately 10% on Thursday morning after Uber Technologies announced a substantial investment. Uber plans to invest up to $1.25 billion in Rivian by 2031 as part of a new robotaxi partnership.
The agreement includes an initial commitment for Uber or its fleet partners to purchase 10,000 fully autonomous Rivian R2 robotaxis. This number could increase to 40,000 additional vehicles starting in 2030. The investment is contingent on Rivian meeting specific autonomous performance milestones.
Commercial operations are scheduled to commence in San Francisco and Miami in 2028. The companies intend to expand this service to 25 cities across the United States, Canada, and Europe by 2031. An initial $300 million investment has been committed, pending regulatory approval.
Rivian's R2 robotaxis will be exclusively available through Uber's platform. If all milestones are met, thousands of unsupervised Rivian R2 robotaxis could be deployed across 25 cities by the end of 2031. Rivian's CEO, RJ Scaringe, expressed excitement about accelerating the company's path to level 4 autonomy.
Rivian's third-generation autonomy platform, announced in December 2025, features 11 cameras, 5 radars, and 1 LiDAR sensor. It is powered by two in-house RAP1 chips, delivering 1600 TOPS of AI compute performance and is expected to debut in the R2 vehicle in late 2026.
