Uber to invest $1.25 billion in Rivian as part of new robotaxi deal

Uber and Rivian are joining forces to deploy 50,000 afloat autonomous robotaxis implicit the adjacent respective decades, the companies announced Thursday. As portion of the deal, Uber volition put $1.25 cardinal successful Rivian done 2031, contingent connected Rivian gathering definite autonomy milestones, starting with an archetypal $300 cardinal astatine signing. (The woody is inactive taxable to regulatory approval.)

The quality signals a large ballot of assurance successful Rivian's nascent autonomy efforts, which see designing its ain customized AI chips to powerfulness Level 4 autonomous vehicles. Uber, meanwhile, has been connected thing of a robotaxi partnering spree, corralling a assortment of compani …

Read the afloat communicative astatine The Verge.