Rivian (NASDAQ:RIVN) shares are trading higher during Thursday’s premarket session following a billion-dollar partnership announcement with Uber Technologies, Inc. (NYSE:UBER).
The news comes as the broader market is experiencing a mixed performance, with major indices showing losses.
Uber will invest up to $1.25 billion in Rivian through 2031, contingent on achieving specific autonomous milestones.
The investment represents a significant capital boost relative to Rivian’s $5.387 billion in full-year 2025 revenue, up 8% from $4.970 billion in 2024, underscoring the deal as strategic funding support.
Rivian had long-term debt worth $4.44 billion as of December 2025.
The initial commitment includes a $300 million investment, aimed at deploying thousands of Rivian R2 robotaxis across 25 cities by the end of 2031.
The partnership is expected to accelerate Rivian’s path to level 4 autonomy, with initial deployments planned for San Francisco and Miami starting in 2028.
The collaboration could lead to the purchase of up to 40,000 additional autonomous vehicles by 2030, enhancing Rivian’s position in the autonomous vehicle market.
The broader …
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