Uber Announces Up to $1.25 Billion Investment in Rivian Robotaxis

The first releases will be in San Francisco and Miami in 2028 and are expected to expand to 25 cities across the United States, Canada, and Europe by 2031.

A Rivian electric pickup at a service center in South San Francisco on May 9, 2022. Justin Sullivan/Getty Images

Uber plans to invest up to $1.25 billion in Rivian to help deploy 10,000 autonomous robotaxis, the two companies announced March 19.

An initial $300 million has been committed to the endeavor, with the remaining $950 million of potential investments dependent on “certain autonomous milestones” that weren’t explicitly disclosed.