Uber is investing in the Irvine, California-based electric vehicle maker Rivian for a robotaxi launch, according to a Thursday press release.
Uber is set to make an investment with a ceiling of $1.25 billion in Rivian over the next five years, according to the release, in the aim of “a scaled, fully-autonomous fleet of Rivian R2 robotaxis, which will be available exclusively through the Uber platform.”
The release also said that $300 million has already been pledged to the project, if regulation allows…