Electric vehicle maker Rivian reports it remains on schedule to secure $250 million in funding from Uber by the end of the year, as demand for its R2 model continues to grow. The partnership, announced earlier this year, aims to expand Uber’s fleet of electric vehicles, reflecting broader industry trends toward sustainable transportation. Analysts note the funding could accelerate Rivian’s production capacity, though the company has not yet disclosed full details of the deal’s execution. With the automotive sector shifting toward electrification, the collaboration highlights a key strategy for scaling next-generation vehicle adoption.
Rivian says it's on track for $250 million Uber funding by year-end, R2 demand strong Reuters
