Is It Time to Buy Rivian After Uber Partnership?
2026-03-24 11:07:00 ET
Rivian Automotive (NASDAQ: RIVN) added to its impressive list of partnerships when it recently struck a deal with ride-share leader Uber Technologies (NYSE: UBER) . The deal will help the electric vehicle (EV) maker fund its autonomous driving ambitions.
Under the agreement, Uber will invest up to $1.25 billion in Rivian, including $300 million immediately after the deal clears regulatory approval. As part of the agreement, Uber will buy 10,000 autonomous versions of Rivian's R2 vehicles with an option to purchase 40,000 more starting in 2030. The R2 robotaxis will be available exclusively through Uber and are expected to be available in San Francisco and Miami in 2028.
Rivian is still currently developing its autonomous driving capabilities and expects to have hands-free navigation similar to Tesla's FSD supervised technology by the end of the year. It now looks like it plans to reach full autonomous level 4 driving by 2028, given the deal's timeline.
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