Rivian Agrees $1.25 Billion Uber Deal to Supply 50,000 R2 SUVs for Robotaxis
Updated
Updated · The Motley Fool · Jun 25
Rivian Agrees $1.25 Billion Uber Deal to Supply 50,000 R2 SUVs for Robotaxis
3 articles · Updated · The Motley Fool · Jun 25
Summary
$1.25 billion will buy Uber up to 50,000 Rivian R2 SUVs, which the ride-hailing company plans to deploy in its robotaxi fleet.
The agreement highlights Rivian's strategy of supplying autonomous-vehicle operators rather than running its own robotaxi network, even as it ramps up AI and autonomy spending.
Rivian's push into autonomy has become central enough that the company said last December it no longer expects to be profitable in 2027, with CFO Claire McDonough calling autonomy a long-term differentiator.
The deal comes as investors compare Rivian with Tesla: Rivian's market value is about $19 billion versus Tesla's $1.2 trillion, despite analysts expecting Rivian's sales growth to outpace Tesla's in 2026 and 2027.