Uber Fires Up Rivian's Robotaxi Drive With $1.25 Billion Deal - Rivian Automotive (NASDAQ:RIVN), Uber Technologies (NYSE:UBER)
Published on March 19, 2026.
Uber Technologies (Uber Technologies) has announced a $1.25 billion investment in Rivian Automotive (NASDAQ:RIVN), a significant capital boost for the company. The deal is contingent on achieving specific autonomous milestones. The initial investment includes a $300 million investment aimed at deploying thousands of Rivian R2 robotaxis across 25 cities by the end of 2031. The partnership is expected to accelerate Rivian’s path to level 4 autonomy, with initial deployments planned for San Francisco and Miami starting in 2028. The investment represents a significant financial boost relative to Rivian's $5.387 billion in full-year 2025 revenue, up 8% from $4.970 billion in 2024. However, Rivian shares are currently trading 0.1% below its 20-day simple moving average (SMA) and 8.5% below the 100-day SMA, indicating some short-term weakness.
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