Rivian-Backed Mind Robotics Startup Raises $500 Million
Rivian-backed Mind Robotics, a startup founded by RJ Scaringe, has raised $500 million in a Series A funding round, valuing the company at $2 billion. The funding comes as Rivian announces a $1.25 billion investment from Uber to deploy up to 50,000 fully autonomous R2 robotaxis.
Rivian-backed Mind Robotics has raised $500 million. The startup, founded by RJ Scaringe, is valued at $2 billion. Rivian has also announced a $1.25 billion investment from Uber. The investment will be used to deploy up to 50,000 fully autonomous R2 robotaxis. The R2 robotaxis will be available exclusively through Uber's rideshare platform. The first 10,000 vehicles are expected in 2028, with deployments in San Francisco and Miami. Rivian predicts 2026 deliveries to rise to between 62,000 and 67,000 vehicles. The company has a second facility in the works in Georgia, with construction expected to start in 2026. Mind Robotics is developing an automated robotics system for Rivian's manufacturing facilities. The company is building AI-enabled robotic models to replace existing industrial robotics.
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