Search results for R2 SUV
Industry
Rivian secures additional $1 billion investment from Volkswagen
Volkswagen will invest an additional $1 billion in Rivian after winter testing is completed for the jointly developed electric vehicle ID EVERY1, TechCrunch reported. Of the amount, $75 million will be an equity investment, while $25 million will be provided as equity or convertible notes. Volkswagen has already invested more than $3 billion in Rivian and granted an option to lend an additional $1 billion from October.
Mobility
Tesla to make its own semiconductors for EVs and space
Tesla is moving ahead with plans to build a massive AI infrastructure dubbed the Terafab project, with the possibility of a capital increase being discussed. Elon Musk outlined a blueprint mobilising SpaceX, xAI and other key companies. The company also faces uncertainty from delays in European approval for FSD while teasing a next-generation Roadster and other patents. Rival automakers and robotaxi developers are stepping up competition, amid shifting EV market dynamics and rising oil prices.
Mobility
Rivian teams up with Uber to enter self-driving market, develop R2 SUV-based robotaxi
Rivian has partnered with Uber to develop a robotaxi based on the R2 SUV, a deal valued at up to $1.25 billion. Uber will make an initial $300 million investment in Rivian and plans to introduce up to 50,000 robotaxis by 2030. Uber plans to launch the R2 robotaxi in San Francisco and Miami in 2028 and expand to 25 cities in North America and Europe by 2031.