Uber to invest $1.25 billion in Rivian for 50,000 robotaxis [Yahoo! Finance]
Uber Technologies, Inc. (UBER)
Last uber technologies, inc. earnings: 2/6 04:05 pm
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Source: Yahoo! Finance
March 19 (UPI) -- Uber Technologies said it plans to invest $1.25 billion into Rivian Automotive to launch 50,000 autonomous robotaxis around the world, the company announced. Uber or its fleet partners will buy 10,000 autonomous versions of the Rivian R2 electric vehicle with the option to buy 40,000 more starting in 2030, a press release said Rivian shares rose in premarket trading Thursday by about 10%, CNBC reported , before the stock went back to where it was. Uber's stock dropped 1%. The companies will deploy thousands of Rivian R2 robotaxis across 25 cities in the United States, Canada and Europe by the end of 2031. An initial $300 million investment from Uber to Rivian is expected following the deal's signing, subject to regulatory approval, the release said. That investment is about 19.55 million shares of the automaker, a Rivian spokesperson confirmed to CNBC. "We couldn't be more excited about this partnership with Uber - it will help accelerate our path to level
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UBER
News
- Uber targets 50,000 robotaxis in major Rivian, Nvidia deals [Yahoo! Finance]Yahoo! Finance
- Stock Market Today, March 19: Rivian Jumps After Partnering With Uber on $1.25 Billion Robotaxi Investment Plan [Yahoo! Finance]Yahoo! Finance
- Uber will operate its own robotaxis again—this time with Rivian's not-yet-built EVs [Fortune]Fortune
- Rivian Jumps as Uber Commits $1.25B to Robotaxis [Yahoo! Finance]Yahoo! Finance
- Uber investing in EV maker Rivian for robotaxi launch [Yahoo! Finance]Yahoo! Finance
UBER
Earnings
- 2/4/26 - Miss
UBER
Sec Filings
- 3/18/26 - Form 4
- 3/18/26 - Form 4
- 3/18/26 - Form 4
- UBER's page on the SEC website