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

After studying the competition for years via partnerships, Uber is apparently ready to take on more risk again.

Uber said it plans to invest $1.25 billion into Rivian Automotive to launch 50,000 autonomous robotaxis around the world, the company said.