Stock Track | Rivian Soars 5.34% in Pre-market on Major Uber Investment and Robotaxi Deal

Stock Track

03/19

Rivian Automotive, Inc. (RIVN) stock soared 5.34% in pre-market trading on Thursday, following the announcement of a significant partnership and investment deal with Uber.

The surge comes after Uber committed to an initial $300 million investment in Rivian following the signing of a deal. As part of the agreement, Uber or its fleet partners will purchase 10,000 fully autonomous R2 robotaxis with an option for 40,000 more in 2030. Initial commercial deployments of the R2 robotaxis are planned for San Francisco and Miami in 2028, with scaling to 25 cities through 2031. Uber has also stated it may invest up to $1.25 billion in Rivian through 2031, subject to the achievement of autonomous performance milestones.

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