4 Things Investors Need to Know About Uber's $1.25 Billion Robotaxi Deal With EV Maker Rivian
2026-03-20 06:16:00 ET
Ride-sharing company Uber Technologies (NYSE: UBER) is throwing its hat in the robotaxi ring. Yesterday, Uber inked a $1.25 billion deal with EV maker Rivian Automotive (NASDAQ: RIVN) to aggressively expand its robotaxi capabilities.
The move comes as competition intensifies in the robotaxi space, with Tesla -- the largest electric vehicle (EV) stock on the planet -- planning to invest heavily in the robotaxi market. That market opportunity, at least according to some experts, could be worth $5 trillion to $10 trillion globally over the long term, making it a key long-term battleground for both automakers and mobility platforms.
Here are the top four things to know about the latest deal.
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