Cooley, and Perkins Coie advised on Uber’s $1.25 Billion Investment and Partnership with EV Automaker Rivian.
Uber Technologies, Inc. (NYSE: UBER) entered into a strategic partnership with Rivian Automotive, Inc. (Nasdaq: RIVN) to accelerate the development and deployment of autonomous vehicle technology. As part of the collaboration, Uber will invest up to $1.25 billion in Rivian through 2031, subject to the achievement of certain autonomous performance milestones, with an initial $300 million investment committed upon signing, subject to regulatory approvals.
The partnership aims to deploy 10,000 fully autonomous Rivian R2 robotaxis in its first phase, with the vehicles to be made available exclusively through the Uber platform. The collaboration represents a significant step toward scaling fully autonomous mobility solutions and advancing the integration of next-generation transportation technologies globally.
Cooley advised Uber on the transaction.
The corporate team was led by Carlos Ramirez, David Peinsipp, Talya Kornitzer, and Kelly McCormick, with support from Megan Browdie, TJ Graham, Eileen Marshall, Stephanie Gentile, and Karen Tsai.
Perkins Coie advised Rivian on the partnership.
The team was led by Partners Christopher Wieman and Adam Shevell.
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