Uber plans to invest up to $1.25 billion in Rivian as part of a deal to deploy up to 50,000 robotaxis in several countries through 2031.

Uber plans to invest up to $1.25 billion in Rivian as part of a deal to deploy up to 50,000 robotaxis in several countries through 2031.

Ride-hailing app to buy as many as 50,000 autonomous vehicles and invest an initial $300mn in California EV company