Rivian says it's on track for $250 million Uber funding by year-end, R2 demand strong

T1Covered by 1 source · first reported by Economic Times — Tech / Technology / Startups / ETTelecom at 30 Oct, 03:29 UTC

The Uber funding and strong R2 sales are crucial to Rivian's push to narrow heavy losses and cash burn while it funds a bet on self-driving technology and leans on its joint venture with Volkswagen, which has become a major source of revenue.

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Sources

• T1Rivian says it's on track for $250 million Uber funding by year-end, R2 demand strongEconomic Times — Tech / Technology / Startups / ETTelecom30 Oct, 03:29