Rivian will provide 50,000 robotaxis to Uber
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The two companies are planning a robotaxi rollout across 25 cities, using fully autonomous versions of its new crossover.
Shares of Rivian Automotive (RIVN +3.80%) jumped about 10% in premarket trading on Thursday following news of a massive cash injection from ride-hailing giant Uber Technologies (U
Uber will invest up to $1.25 in Rivian. The investment is part of a partnership between the two brands: Rivian will help Uber deploy up to 50,000 robotaxis across a handful of countries through 2031.
Unlike the Tesla Cybercab, Rivian's robotaxi has space for your family.