Rivian Automotive’s stock price is jumping after a major partnership with ride-hailing giant Uber. The deal brings in up to $1.25 billion and will see 10,000 fully autonomous Rivian R2 SUVs deployed by 2028 in cities like San Francisco and Miami. This partnership could expand to as many as 25 cities across the US, Canada, and Europe by 2031.
Source: https://www.wsj.com/business/autos/uber-to-invest-up-to-1-25-billion-in-rivian-robotaxis-8b295925