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According to a press release on Thursday, Uber is channeling funds into electric vehicle manufacturer Rivian to roll out a fleet of robotaxis.
Uber plans to invest up to $1.25 billion in Rivian over a five-year period. This investment aims to develop a comprehensive fleet of Rivian R2 robotaxis, which will operate exclusively on the Uber platform.
The statement further noted that $300 million has already been committed to the initiative, contingent upon regulatory approval.
“We have great confidence in Rivian’s holistic approach—integrating vehicle design, computing technology, and software under one roof while controlling manufacturing and supply chains domestically,” expressed Uber CEO Dara Khosrowshahi in the announcement.
“This seamless integration, along with insights from their expanding consumer vehicle portfolio and expertise in managing commercial fleets, provides us the assurance to pursue these ambitious yet realistic objectives,” he added.
Last December, Uber began using robotaxis in Dallas. The company said at the time that customers there could access an Avride robotaxi, which it called “a brand-new way to ride with Uber.”
The Uber-Rivian partnership will result in thousands of the Rivian robotaxis driving in 25 European, American and Canadian cities by the end of 2031, according to the release.