Rivian will provide 50,000 robotaxis to Uber in a deal worth $1.25 billion

Rivian and Uber have entered into a major partnership, with the former to provide the latter with 50,000 robotaxis in a deal worth $1.25B in funding. This starts with Uber purchasing 10,000 Rivian R2 robotaxis, which will be deployed in San Francisco and Miami by 2028. If all goes well, Uber will scoop up 40,000 robotaxis by 2030. The company plans to scale the initiative to 25 major cities by 2031. The full $1.25B investment is contingent on several autonomous milestones, according to a report by Yahoo Finance.