Uber Technologies, Inc. (UBER)
Uber to invest up to $1.25 billion in EV maker Rivian in deal to launch 50,000 robotaxis
Uber plans to invest up to $1.25 billion in Rivian as part of a deal to deploy up to 50,000 robotaxis through 2031, the companies announced Thursday.
Rivian shares jump on Uber investment tied to robotaxi plan
Shares of Rivian Automotive Inc (NASDAQ:RIVN) rose more than 4% on Thursday after Uber Technologies said it will invest up to $1.25 billion in the electric vehicle maker as part of a partnership to deploy autonomous vehicles starting in 2028. The stock initially climbed as much as 9% in premarket trading before paring gains.
Rivian Stock Pops on $1.25 Billion Uber, Robotaxi Partnership
Rivian Automotive Inc (NASDAQ:RIVN) is brushing off the broad market malaise this morning, last seen up 8.4% to trade at $16.54.
Uber, Rivian team up to scale robotaxi fleets across global cities
Uber Technologies is stepping up its autonomous ambitions through a new partnership with electric vehicle maker Rivian Automotive, committing to invest up to $1.25 billion to support a large-scale robotaxi rollout. The agreement outlines plans to deploy as many as 50,000 autonomous vehicles across major markets by 2031.
Rivian Shares Rally 8% After Uber Invests Up To $1.25 Billion In Robotaxi Deal
This is a developing story.
Rivian Stock Surges on $1.25 Billion Investment From Uber. The Robo-Taxi Race Continues.
Uber plans to deploy 10,000 fully autonomous Rivian R2 robo-taxis across 25 cities worldwide by the end of 2031.
Rivian's stock is popping as the EV maker becomes the latest to partner with Uber
Uber Technologies has been aggressively partnering with players across the automotive-technology and electric-vehicle industries. Now it has a new deal with Rivian Automotive.
Uber to invest up to $1.25 billion in EV maker Rivian in deal to launch 50,000 robotaxis
Uber plans to invest up to $1.25 billion in Rivian as part of a deal to deploy up to 50,000 robotaxis through 2031, the companies announced Thursday. Uber is expected to invest an initial $300 million in Rivian after the deal's signing, subject to regulatory approval.
Uber taps Rivian to build robotaxis in deal worth up to $1.25B
Rivian said on Thursday that it is partnering with Uber to build thousands of robotaxis based on its upcoming R2 SUV. The deal could be worth up to $1.25 billion for the EV maker.
Uber Technologies (UBER) Falls More Steeply Than Broader Market: What Investors Need to Know
In the most recent trading session, Uber Technologies (UBER) closed at $76.66, indicating a -1.45% shift from the previous trading day.
Is UBER stock a buy at 22x forward earnings? The Nvidia catalyst explained
Uber Technologies (NYSE: UBER) is extending gains today as investors react to its landmark partnership with Nvidia (NASDAQ: NVDA) that strengthens its long-term autonomous vehicle roadmap. The collaboration integrates Nvidia's DRIVE Hyperion architecture and “Alpamayo” AI model into UBER's global network, enhancing simulation, routing, and fleet management capabilities across its mobility ecosystem.
Uber-Nvidia deal boosts Bank of America's confidence in rideshare app's AV future
Bank of America said Uber Technologies Inc (NYSE:UBER, XETRA:UT8)'s medium-term autonomous vehicle (AV) supply outlook has significantly improved following the company's expanded partnership with Nvidia Corp (NASDAQ:NVDA, XETRA:NVD). Uber and Nvidia announced plans to launch Level 4 robotaxis in 28 global cities by 2028, beginning with LA and San Francisco in the first half of 2027.
