NYSE:UBERTransportation
Uber Rivian Deal Signals New Phase In Autonomous Supply Control
Uber Technologies (NYSE:UBER) agreed an exclusive deal with Rivian to deploy the newest R2 autonomous vehicles on the Uber platform.
The agreement includes a US$300 million investment by Uber and a multi year rollout plan across major U.S. cities.
The partnership focuses on using electric autonomous vehicles to support Uber's ride hailing operations and expand its autonomous supply.
For investors following NYSE:UBER, this move sits at the intersection of ride hailing, electric vehicles and...