The post Rivian (RIVN) Stock Surges 8% Following Uber’s Massive $1.25B Robotaxi Partnership appeared on BitcoinEthereumNews.com.

Key Highlights Uber commits to investing as much as $1.25 billion in Rivian over the next seven years A first installment of $300 million will be made after the agreement closes, subject to regulatory clearance Uber intends to acquire 10,000 autonomous R2 vehicles, with the possibility to add 40,000 more beginning in 2030 The autonomous vehicle service debuts in San Francisco and Miami during 2028, followed by expansion across 25 metropolitan areas in the U.S., Canada, and Europe Rivian shares climbed approximately 8% during Thursday’s premarket session On Thursday, Uber Technologies and Rivian Automotive revealed a groundbreaking robotaxi collaboration. The agreement calls for Uber to pour up to $1.25 billion into Rivian while deploying as many as 50,000 self-driving vehicles on its network by the conclusion of 2031. $UBER and Rivian $RIVN are partnering to deploy up to 50,000 autonomous robotaxis, with San Francisco and Miami targeted for the first commercial launches in 2028. Uber will invest up to $1.25 billion in Rivian through 2031, and the fleet will run exclusively on Uber’s platform. pic.twitter.com/lEf4ZxgjVH — Wall St Engine (@wallstengine) March 19, 2026 Shares of Rivian climbed roughly 8% in early premarket activity following the disclosure. This represents a notable bounce for the stock, which had declined over 14% year-to-date prior to the announcement. Rivian Automotive, Inc., RIVN Meanwhile, Uber’s stock showed minimal movement after the partnership was made public. The opening payment of $300 million is expected soon after finalization of the agreement, contingent upon securing regulatory clearances. This amount translates to approximately 19.55 million shares of Rivian. An additional four investment installments are scheduled, each contingent upon achieving particular performance targets by dates to be determined through 2031. Uber — or the fleet operators working with the platform — will acquire 10,000 self-driving variants of Rivian’s forthcoming R2…

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Filed under: News - @ March 19, 2026 2:24 pm