Is Rivian's $1.25 billion robotaxi deal with Uber really a good one for shareholders?
Rivian has struck a deal with Uber to supply up to 50,000 autonomous R2 EVs and receive an investment of up to $1.25 billion. The robotaxi fleet is set to begin operating in San Francisco and Miami in 2028, with plans to scale to 25 US cities by 2031.
Rivian and Uber have partnered on a robotaxi deal. Uber will buy up to 50,000 autonomous R2 EVs and invest up to $1.25 billion in Rivian. The fleet will start operating in San Francisco and Miami in 2028. The partnership is part of both companies' moves in the growing robotaxi market. Rivian's stock rose after the announcement. The deal will also boost Rivian's sales as it scales its new R2 electric vehicle.
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