Ride-Hailing Giant Uber Invests Big in Rivian's Autonomous Vehicle Tech
Uber partners with electric vehicle startup Rivian to develop a fleet of up to 50,000 self-driving SUVs, marking a major push into the future of autonomous transportation.
In a landmark partnership, ride-hailing giant Uber has announced a deal with electric vehicle startup Rivian to develop a fleet of autonomous vehicles worth up to $1.25 billion. The agreement will see Uber make an initial $300 million investment in Rivian, which will provide as many as 50,000 of its R2 SUVs equipped with self-driving technology.
This strategic alliance represents a major step forward in Uber's ambitions to transition its platform towards an autonomous future, leveraging Rivian's innovative electric and autonomous vehicle expertise. The partnership will allow Uber to accelerate the deployment of self-driving technology across its ride-sharing network, offering passengers a seamless and eco-friendly transportation experience.
{{IMAGE_PLACEHOLDER}}Dara Khosrowshahi, CEO of Uber, expressed his enthusiasm for the deal, stating,
Source: TechCrunch
