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fromTechCrunch
6 days ago

Rivian downsizes DOE loan to $4.5B, while boosting capacity of Georgia factory | TechCrunch

Rivian has reworked its loan deal with the Department of Energy and now expects to borrow $4.5 billion to build its new factory in Georgia, down from the original amount of $6.6 billion allocated under the Biden administration.
Alternative transportation
Venture
fromTNW | Investors-Funding
1 month ago

Uber and Rivian strike $1.25bn robotaxi deal

Rivian and Uber partnered for robotaxi deployment, with Uber investing up to $1.25 billion and purchasing up to 50,000 autonomous R2 vehicles for commercial service starting in 2028.
Toronto startup
fromTechCrunch
1 month ago

Uber taps Rivian to build robotaxis in deal worth up to $1.25B | TechCrunch

Rivian partners with Uber to build 10,000 autonomous R2 robotaxis with potential $1.25 billion deal value, targeting 25-city rollout by 2031.
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