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0.000403768506056543 0.000403768506056543 -0.00148048452220726 -0.00215343203230143 -0.00471063257065941 -0.00794078061911156 -0.00767160161507393 -0.0055181695827725
Stock impact report

Uber to invest up to $1.25bn in Rivian [Yahoo! Finance]

Uber Technologies, Inc. (UBER) 
Last uber technologies, inc. earnings: 2/6 04:05 pm Check Earnings Report
Company Research Source: Yahoo! Finance
Under the arrangement, Uber said it would put in $300m upfront. The total could rise to as much as $1.25bn in equity by 2031 if Rivian hits milestones linked to its self-driving technology, Uber said in a statement. See also: Uber is steering towards a driverless future Dara Khosrowshahi, the CEO of Uber, said:“We're big believers in Rivian's approach - designing the vehicle, compute platform, and software stack together, while maintaining end-to-end control of scaled manufacturing and supply in the US. “That vertical integration, combined with data from their growing consumer vehicle base and experience managing the complexities of commercial fleets, gives us conviction to set these ambitious but achievable targets.” Alongside the investment, the agreement includes an initial order for 10,000 robotaxi versions of Rivian's R2 SUV Rivian introduces R2 model range in US Uber and its fleet partners also have the option to purchase a further 40,000 vehicles from 2030. The Show less Read more
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