Uber taps Rivian for robotaxis in $1.25B deal. Here's what to know [USA TODAY]
Uber Technologies, Inc. (UBER)
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Source: USA TODAY
The 2027 Rivian R2, a five-passenger electric SUV, is a make-or-break project for the EV startup looking for a mainstream market. The companies said in a March 19 announcement that the deal is a "partnership to help accelerate both companies' autonomous vehicle plans." "Uber will invest up to $1.25 billion in Rivian through 2031, subject to the achievement of certain autonomous milestones by specific dates, building towards a scaled, fully-autonomous fleet of Rivian R2 robotaxis, which will be available exclusively through the Uber platform," the companies said in the announcement. Rivian CEO RJ Scaringe said in a statement the partnership with Uber "will help accelerate our path to level 4 autonomy to create one of the safest and most convenient autonomous platforms in the world." Uber CEO Dara Khosrowshahi said in a statement her company are "big believers in Rivian's approach—designing the vehicle, compute platform, and software stack together, while maintaining end-to-end
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