Uber Invests $1.25B in Rivian for 50,000 Self-Driving Taxis

Uber is betting big on self-driving cars with a massive $1.25 billion investment in Rivian, an electric vehicle (EV) manufacturer.

The two companies announced a groundbreaking deal to put 50,000 robotaxis (self-driving taxis) on the road. This partnership combines Uber's ride-sharing platform with Rivian's electric vehicle technology to create a fleet of autonomous vehicles.

What this means for riders: • You'll be able to order a self-driving electric car through the Uber app • No human driver will be needed in these vehicles • The cars will run on electricity instead of gasoline, making rides more environmentally friendly

Why this matters: This deal shows how traditional ride-sharing companies are preparing for a future where cars drive themselves. For Rivian, which makes electric trucks and SUVs, this partnership provides a huge customer and significant funding to grow their business.

The $1.25 billion investment (money Uber will put into Rivian) will help develop and manufacture these special vehicles. While the companies haven't announced when these robotaxis will hit the streets, this partnership signals a major shift in how we might travel in cities in the coming years.

For investors, this news could impact both companies' stock prices (the value of their shares on the stock market) as they work toward revolutionizing urban transportation.

This is an AI-generated summary. Read the original article at: https://www.cnbc.com/2026/03/19/uber-rivian-robotaxi.html