Rivian Automotive (NASDAQ:RIVN) and Uber Technologies (NYSE:UBER) today unveiled a strategic partnership aimed at dominating the next era of urban mobility.
The collaboration focuses on the deployment of a dedicated fleet of 10,000 fully autonomous Rivian R2 robotaxis, marking a massive shift for Rivian into the Mobility-as-a-Service (MaaS) sector and providing Uber with an exclusive, purpose-built autonomous hardware partner.
The financial backbone of the deal involves a phased investment from Uber of up to $1.25 billion through 2031.
This capital is strictly tied to the achievement of specific autonomous milestones, ensuring that the rollout matches the technical readiness of Rivian’s unsupervised driving software.
An initial $300 million commitment has been made upon signing, pending regulatory approval, to kickstart the integration of Uber’s routing and marketplace technology into Rivian’s R2 platform.
Initial deployments are scheduled to begin in 2028, targeting San Francisco and Miami as the primary launch markets.
From there, the companies plan a rapid scaling phase to 25 cities across the United States, Canada, and Europe by the end of 2031.