Rivian’s R2 mid-size SUV is the California startup’s most important car yet, and it’s already getting some serious attention from industry heavyweights. Uber, the ride-hailing giant that’s seemingly partnering with anyone, anywhere, has just struck a deal with Rivian to buy up to 50,000 R2 robotaxis over the next five years.
As part of the agreement, Uber will invest up to $1.25 billion in the American EV maker, with the first $300 million already being committed to following signing and regulatory approval. Initially, the ride-hailing company, as well as its fleet partners, is expected to buy 10,000 R2 robotaxis, with the option to purchase an additional 40,000 in 2030 if everything goes smoothly.
Read Article