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0.000622250157133879 -0.000628535512256429 -0.0053425518541797 -0.0116279069767441 -0.00879949717159012 -0.00911376492771839 -0.00503456945317409 -0.0109993714644877
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Exclusive: Rivian CEO on how its Uber deal came together, and why the AI 'driver' is the future of mobility [Yahoo! Finance Canada]

Rivian Automotive, Inc. (RIVN) 
The two dealmakers — Rivian CEO RJ Scaringe and Uber CEO Dara Khosrowshahi — have known each other for years, and the agreement was in the works for some time. “Transportation, mobility is a small world, so I've known Dara for a long time,” Scaringe told Yahoo Finance in an exclusive interview. “We've been talking about this deal for maybe about a year, but different versions of it, and it's hard to define a deal of scale where there's so many unknowns.” Some of those unknowns include metrics like vehicle revenue per mile, and therefore the revenue generated while the vehicle is being used, Scaringe said, which is of utmost importance to Rivian and ultimately determined the parameters of a deal with Uber. “We're very, very bullish on what's the rate of progress that we're going to see as an industry towards Level four [self-driving], and we saw a real opportunity to do something exciting and large with Uber,” Scaringe said. “Ultimately, what came together, I think, is one of the Show less Read more
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