Uber Invests $1.25 Billion in Rivian for 10,000 Robotaxis by 2031

Uber and Rivian have teamed up to deploy 50,000 autonomous R2 robotaxis, with an initial investment of $1.25 billion from Uber. The first 10,000 vehicles will hit cities like San Francisco and Miami by 2028, expanding to 25 cities by 2031. Rivian's success hinges on meeting autonomy milestones, while both companies aim for a significant presence in the robotaxi market.