[AutonomousVehicles] Full Text of Rivian and Uber Official Robo Taxi Announcement

[Cornelius Butler]

Here is the full text of the Uber and Rivian official Announcement:

Uber and Rivian Partner to Deploy up to 50,000 Fully Autonomous Robotaxis

   -

   Uber to invest up to $1.25 billion in Rivian through 2031, subject to
   the achievement of autonomous performance milestones
   -

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

   Initial commercial deployments planned for San Francisco and Miami in
   2028, scaling to 25 cities through 2031

SAN FRANCISCO & IRVINE, Calif., March 19, 2026 - Rivian Automotive, Inc.
(NASDAQ: RIVN) and Uber Technologies, Inc. (NYSE: UBER) today announced a
partnership to help accelerate both companies’ autonomous vehicle plans,
expecting to deploy 10,000 fully autonomous R2 robotaxis in the first phase
of R2 robotaxi deployment. Initial deployments are expected to begin in San
Francisco and Miami in 2028 and will expand to 25 cities by 2031.

Uber will invest up to $1.25 billion in Rivian through 2031, subject to the
achievement of certain autonomous milestones by specific dates, building
towards a scaled, fully-autonomous fleet of Rivian R2 robotaxis, which will
be available exclusively through the Uber platform. An initial $300 million
investment has been committed to following signing, subject to regulatory
approval.

Should all milestones be achieved, the companies will have deployed
thousands of unsupervised Rivian R2 robotaxis across 25 cities in the US,
Canada, and Europe by the end of 2031. The companies also have the option
to negotiate the purchase of up to 40,000 more autonomous Rivian R2
vehicles beginning in 2030.

RJ Scaringe, Founder and CEO of Rivian said:
*“We couldn’t be more excited about this partnership with Uber — it will
help accelerate our path to level 4 autonomy to create one of the safest
and most convenient autonomous platforms in the world. The scale of
Rivian's growing data flywheel coupled with RAP1, our state of the art
in-house inference platform, and our multi-modal perception platform make
us incredibly excited for the rapid advancement of Rivian autonomy over the
next couple of years.”*

Dara Khosrowshahi, CEO of Uber said:

*“We’re big believers in Rivian’s approach—designing the vehicle, compute
platform, and software stack together, while maintaining end-to-end control
of scaled manufacturing and supply in the U.S. That vertical integration,
combined with data from their growing consumer vehicle base and experience
managing the complexities of commercial fleets, gives us conviction to set
these ambitious but achievable targets.”*

In December 2025, Rivian announced its third-generation autonomy platform,
which the company expects to be one of the most powerful combination of
sensors and inference compute in a consumer vehicle in North America when
launched in R2 in late 2026. Rivian’s third generation autonomy platform
includes a multi-modal sensor suite including 11 cameras (65 megapixels), 5
radars and 1 LiDAR. The consumer platform is driven by two of Rivian’s
in-house RAP1 chips, capable of 1600 TOPS of AI compute performance. This
platform, including advanced connectivity and onboard intelligent data
collection, utilizes data from all onboard sensors to power Rivian’s data
flywheel with real world data from the customer fleet, including the
critical 3D LiDAR point clouds essential to the rapid progression of
advanced end-to-end Physical AI.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning
of the Private Securities Litigation Reform Act of 1995. We intend such
forward- looking statements to be covered by the safe harbor provisions for
forward-looking statements contained in Section 27A of the Securities Act
of 1933, as amended, and Section 21E of the Securities Exchange Act of
1934, as amended. All statements contained in this press release that do
not relate to matters of historical fact should be considered
forward-looking statements, including without limitation statements
regarding the timeline for and total amount of future investments by Uber,
the achievement of certain milestones and regulatory approval, the
timeline, total purchase, and deployment plans for fully autonomous R2
robotaxis by Uber and its fleet partners, the timeline and geographic
location for initial commercial deployments and future scaling, and the
expected benefits from the partnership. In some cases you can identify
forward-looking statements by terms such as “may,” “will,” “should,”
“expects,” “plans,” “anticipates,” “could,” “intends,” “targets,”
“projects,” “contemplates,” “believes,” “estimates,” “forecasts,”
“predicts,” “potential” or “continue” or the negative of these terms or
other similar expressions, although not all forward-looking statements use
these words or expressions. We have based these forward-looking statements
largely on our current expectations and projections about future events and
financial trends that we believe may affect our business, financial
condition, and results of operations. Forward-looking statements involve
known and unknown risks, uncertainties and other important factors that may
cause our actual results, performance, or achievements to be materially
different from any future results, performance, or achievements expressed
or implied by the forward-looking statements, including, but not limited
to, the important factors discussed in Part I, Item 1A, “Risk Factors” in
Rivian’s Annual Report on Form 10-K for the year ended December 31, 2025,
and its other filings with the Securities and Exchange Commission. For
additional information on other potential risks and uncertainties that
could cause actual results to differ from the results predicted, please see
Uber’s Annual Report on Form 10-K for the year ended December 31, 2025 and
subsequent quarterly reports, annual reports and other filings filed with
the Securities and Exchange Commission from time to time. The
forward-looking statements in this press release are based upon information
available to us as of the date of this press release, and while we believe
such information forms a reasonable basis for such statements, such
information may be limited or incomplete, and our statements should not be
read to indicate that we have conducted an exhaustive inquiry into, or
review of, all potentially available relevant information. These statements
are inherently uncertain, and investors are cautioned not to unduly rely
upon these statements. While we may elect to update such forward-looking
statements at some point in the future, we disclaim any obligation to do
so, even if subsequent events cause our views to change.

Contacts:

About Rivian:
Rivian (NASDAQ: RIVN) is an American automotive technology company that
develops and manufactures category-defining electric vehicles as well as
vertically integrated technologies and services. Through innovation across
its electrical architecture, end-to-end software, autonomous driving
platform, artificial intelligence and propulsion, the company creates
vehicles that excel at work and play while accelerating the global
transition to zero-emission transportation and energy. Rivian vehicles are
manufactured in the United States and are sold directly to consumer and
commercial customers. Whether taking families on new adventures or
electrifying fleets at scale, Rivian vehicles all share a common goal —
preserving the natural world for generations to come.

Learn more about the company, products, and careers at *www.rivian.com*
<https://rivian.com/>.

About Uber:
Uber's mission is to create opportunity through movement. We started in
2010 to solve a simple problem: how do you get access to a ride at the
touch of a button? More than 72 billion trips later, we're building
products to get people closer to where they want to be. By changing how
people, food, and things move through cities, Uber is a platform that opens
up the world to new possibilities.
-------------- next part --------------
An HTML attachment was scrubbed...
URL: <http://nfbnet.org/pipermail/autonomousvehicles_nfbnet.org/attachments/20260320/bbd08116/attachment.htm>