Key Takeaways Under a new partnership, Uber will invest in Rivian and deploy the company's vehicles as robotaxis on Uber's ridesharing platform.The investment will range between $300 million and $1.25 billion,

In another big move in the robotaxi space, Rivian (RIVN) will supply Uber (UBER) with up to 50,000 fully autonomous robotaxis in exchange for up to $1.25 billion in funding.

Uber, or its fleet partners, are expected to buy 10,000 fully autonomous Rivian R2 robotaxis, with the option to purchase up to 40,000 more in 2030.