Uber Invests $1.25B in Rivian for Robotaxi Fleet

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Uber has announced a deal to invest up to $1.25 billion in Rivian Automotive to help launch a fleet of up to 50,000 fully autonomous Rivian R2 robotaxis. The initial deployments of the vehicles are expected to begin in San Francisco and Miami in 2028, with plans to expand to around two dozen cities in the U.S., Canada, and Europe by 2031.

Why it matters

This deal represents a major push by Uber into the autonomous vehicle market, as the company aims to reduce its reliance on human drivers and capitalize on the growing demand for self-driving transportation services. The partnership with Rivian, a leading electric vehicle startup, also aligns with Uber's sustainability goals and could help accelerate the adoption of electric and autonomous vehicles in urban areas.

The details

Under the terms of the agreement, Uber or its fleet partners will initially purchase 10,000 Rivian R2 robotaxis, with an option to buy up to 40,000 more by 2030. The companies plan to begin deploying the vehicles in San Francisco and Miami in 2028, with further expansion to around two dozen cities in the U.S., Canada, and Europe by 2031.

• The initial deployments of the Rivian robotaxis are expected to begin in San Francisco and Miami in 2028.
• Uber and Rivian plan to expand the fleet to around two dozen cities in the U.S., Canada, and Europe by 2031.

What’s next

Uber and Rivian plan to begin deploying the initial 10,000 robotaxis in San Francisco and Miami in 2028, with further expansion to around two dozen cities in the U.S., Canada, and Europe by 2031.