Rivian Partners with Uber for Autonomous R2 SUVs
Rivian Automotive (NASDAQ: RIVN) has announced a partnership with Uber Technologies (NYSE: UBER) to deliver a fleet of 50,000 fully autonomous Rivian R2 SUVs over the next several years. The deal includes an immediate order of 10,000 R2 SUVs for delivery by 2028, with an option for an additional 40,000 vehicles by 2030.
This collaboration, which aims to generate over $1.25 billion in capital for Rivian, marks a significant push into self-driving technology. Rivian is expected to unveil its third-generation autonomy platform, equipped with advanced sensors, cameras, and radars, to support the rollout of these vehicles. The development and performance of these robotaxis could influence Rivian’s stock price moving forward, as investors watch for updates on both retail demand and the autonomous fleet’s operational success.
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