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The announcement of a robotaxi partnership between Uber (NASDAQ: UBER | UBER Price Prediction) and Rivian (NASDAQ: RIVN) has many holes.
UBER's $1B-plus Rivian deal to deploy 10,000 robotaxis could reshape autonomous ride-hailing as it scales partnerships and global rollout plans.
Uber Technologies (UBER) is positioned to fully integrate and own its robotaxi fleet, leveraging its global network and strong cash flow. UBER's financial strength enables it to fund $5–10bn in capex for robotaxi deployment, with potential for higher margins and a 24% ROI on a 50k fleet. Consensus forecasts robust user and gross bookings growth through 2028, with margin expansion and significant free cash flow supporting a solid investment case.
Autonomous vehicles may eventually change the supply of rides, but they may not eliminate the need for ride-hailing platforms.
UBER's $1.25 billion investment in RIVN fuels a robotaxi push, with 10,000 autonomous R2 vehicles planned across major cities by 2031.
Rivian stock remains on edge today, March 20, as investors focus on the large investment and order from Uber. After rising by nearly 4% on Thursday, the stock pulled back by over 1% on Friday as traders sold the recent news.
Uber's deal with Rivian highlights the importance of developing full autonomy features. The deal is a big vote of confidence for Rivian's bets on AI.
Uber launched a driverless car project in early 2015. It vied with Waymo and Tesla until a fatal incident in 2018 led to the cancellation of the effort.
Uber and Rivian announced a partnership to deploy up to 50,000 autonomous vehicles by 2031. Rivian will receive an initial $300 million, with the remaining investment tied to specific self-driving milestones.
Uber has teamed with carmaker Rivian to boost both companies' autonomous vehicle efforts. The two companies expect to deploy 10,000 fully autonomous R2 robotaxis in the first phase of that effort, Rivian said in its announcement Thursday (March 19).
Uber plans to purchase 10,000 Rivian R2 robotaxis with the option for 40,000 more as the companies target a 2028 launch for autonomous ride-hailing service.
Rivian's place in Uber's long‑term robotaxi rollout puts scale, autonomy, and future margins in sharp focus, today, March 19, 2026.
Uber is making incremental steps forward in driverless technology.
@LikeFolio's Landon Swan covers Uber Technologies (UBER) as the company announces a partnership with Rivian (RIVN) for self-driving. He says Uber has been “a little disappointing” for investors over the last year, and a lot of social chatter is around unionization, business practices, and high rates.
After Uber Technologies (UBER, Financials) promised $1.25 billion to develop a fleet of robotaxis utilizing Rivian (RIVN, Financials) cars, Rivian's stock price
Lucid Group (LCID) saw shares rise about 2% Thursday after Citi initiated coverage with a Buy rating, citing growing momentum for the electric vehicle maker.Cit
WRD emerges as winner in robotaxi race, backed by global expansion, partnerships and fleet growth as AV market surges toward $41.75T by 2034.
Rivian is getting into the robotaxi race.
Uber plans to invest up to $1.25 billion in Rivian as part of a deal to deploy up to 50,000 robotaxis through 2031, the companies announced Thursday.
Shares of Rivian Automotive Inc (NASDAQ:RIVN) rose more than 4% on Thursday after Uber Technologies said it will invest up to $1.25 billion in the electric vehicle maker as part of a partnership to deploy autonomous vehicles starting in 2028. The stock initially climbed as much as 9% in premarket trading before paring gains.