{"id":1045974,"date":"2026-10-31T07:26:33","date_gmt":"2026-10-31T01:56:33","guid":{"rendered":"https:\/\/telecomlive.in\/web\/?p=1045974"},"modified":"2026-10-31T08:48:23","modified_gmt":"2026-10-31T03:18:23","slug":"rivian-says-its-on-track-for-250-million-uber-funding-by-year-end-r2-demand-strong","status":"publish","type":"post","link":"https:\/\/telecomlive.in\/web\/2026\/10\/31\/rivian-says-its-on-track-for-250-million-uber-funding-by-year-end-r2-demand-strong\/","title":{"rendered":"Rivian says it&#8217;s on track for $250 million Uber funding by year-end, R2 demand strong"},"content":{"rendered":"<p>Rivian CEO RJ Scaringe said on Thursday the EV maker is &#8220;very confident&#8221; it will hit an autonomy milestone this year that unlocks a $250 million tranche of Uber&#8217;s investment, and that demand for its new R2 compact SUV was strong. <\/p>\n<p>The Uber funding and strong R2 sales are crucial to Rivian&#8217;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. <\/p>\n<p>Uber is investing up to $1.25 billion in Rivian through 2031, which includes an initial $300 million and is contingent on autonomy milestones. Scaringe declined to detail the criteria assigned to each tranche but said the timing was &#8220;right on time&#8221; against the company&#8217;s internal plan.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Rivian CEO RJ Scaringe said on Thursday the EV maker is &#8220;very confident&#8221; it will hit an autonomy milestone this year that unlocks a $250 million tranche of Uber&#8217;s investment, and that demand for its new R2 compact SUV was strong. The Uber funding and strong R2 sales are crucial to Rivian&#8217;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. Uber is investing up to $1.25 billion in Rivian through 2031, which includes an initial $300 [&hellip;]<\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[59,4,10],"tags":[],"class_list":["post-1045974","post","type-post","status-publish","format-standard","hentry","category-it-2-the-economic-times","category-newspapers","category-the-economic-times"],"acf":[],"_links":{"self":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/1045974","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/comments?post=1045974"}],"version-history":[{"count":1,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/1045974\/revisions"}],"predecessor-version":[{"id":1045975,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/1045974\/revisions\/1045975"}],"wp:attachment":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/media?parent=1045974"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/categories?post=1045974"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/tags?post=1045974"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}