Uber Invests in Rivian for Robotaxis
Analysis based on 18 articles · First reported Mar 19, 2026 · Last updated Mar 20, 2026
The deal is expected to significantly boost Rivian's stock price and market valuation due to the substantial investment and large order for its R2 robotaxis. For Uber, this partnership strengthens its position in the autonomous vehicle market, potentially leading to long-term growth in its ride-sharing services.
Uber announced an investment of up to $1.25 billion in Rivian Automotive to facilitate the launch of up to 50,000 robotaxis. Uber, or its fleet partners, are expected to purchase 10,000 fully autonomous Rivian R2 robotaxis, with an option for an additional 40,000 by 2030. Initial deployments are planned for United States — San Francisco and United States — Miami in 2028, with expansion to 25 cities across the United States, Canada, and Europe by 2031. The investment, which includes an initial $300 million commitment subject to regulatory approval, will be spread out until 2031 and is contingent on Rivian hitting specific autonomous milestones. This partnership is seen as a significant step for both companies in the rapidly evolving autonomous vehicle market, with Rivian's CEO Robert Joseph Scaringe highlighting the acceleration of their Level 4 autonomy path and Uber's CEO Dara Khosrowshahi expressing confidence in Rivian's integrated approach to vehicle and software development.
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