Rivian Eyes Uber Funds as R2 Demand Rises
Rivian chief executive RJ Scaringe expresses strong confidence in hitting an autonomy milestone to unlock Uber funding by year-end. The company reports robust demand for its new R2 compact SUV following record quarterly deliveries.
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Rivian Automotive expects to hit an autonomy milestone this year, unlocking a $250M tranche of funding from Uber Technologies amid strong demand for its new R2 compact SUV. CEO RJ Scaringe confirmed the progress on Thursday, noting that the partnership targets a 2028 launch for driverless robotaxis.
