Uber will invest up to $1.25bn in Rivian through 2031, targeting a fleet of up to 50,000 autonomous R2 robotaxis across 25 cities.

SAN FRANCISCO, March 19 : Uber will invest up to $1.25 billion in electric vehicle maker Rivian as part of a deal in which the ride-hailing firm will start deploying 10,000 fully autonomous R2 SUVs as robotaxis from 2028, the companies said on Thursday.San Francisco-based Uber will make an initial investment

SAN FRANCISCO, March 19 : Uber will invest up to $1.25 billion in electric vehicle maker Rivian as part of a deal in which the ride-hailing firm will start deploying 10,000 fully autonomous R2 SUVs as robotaxis from 2028, the companies said on Thursday.Rivian's shares rose about 9 per cent in premarket tradin

March 19 (UPI) -- Uber Technologies said it plans to invest $1.25 billion into Rivian Automotive to launch 50,000 autonomous robotaxis around the world, the company announced.

Uber says it will invest up to $1.25 billion in electric vehicle maker Rivian Automotive to help launch up to 50,000 robotaxis.