8-K
filed March 19, 2026, 7:59 PM ET
ticker RIVN
CIK 0001874178
other material
confidence high
sentiment neutral
materiality 0.80
Uber to invest up to $1.25B in Rivian for autonomous robotaxis; 2027 EBITDA positive expectation dropped
Rivian Automotive, Inc. / DE
- Uber commits $300M initial investment, up to $1.25B total subject to autonomy milestones; shares issued at VWAP.
- First 10,000 fully autonomous R2 robotaxis to deploy in 2028 in San Francisco and Miami, scaling to 25 cities by 2031.
- Uber has option to purchase up to 40,000 additional R2 robotaxis beginning in 2030.
- Rivian withdraws 2027 adjusted EBITDA positive guidance due to increased R&D spend on accelerated autonomy roadmap.
- Exclusivity: Rivian cannot sell Level 4 autonomous vehicles to Uber direct competitors during specified periods.
Key facts
Extracted from this filing and checked against the source text.
Equity Issuances
SEC 8-K Item 3.02/3.03
confidence 0.9
Rivian Automotive, Inc. / DE issued common stock to SMB Holding Corporation for $300 million.
- Security
- common stock
- Purchaser
- SMB Holding Corporation
- Consideration
- $300 million
Exact text from the filing
the Company will issue a number of shares of Common Stock to SMB equal to $300 million divided by the price per share of Common Stock
View on SEC.gov
Equity Issuances
SEC 8-K Item 3.02/3.03
confidence 0.9
Rivian Automotive, Inc. / DE issued warrant to SMB Holding Corporation.
- Security
- warrant
- Purchaser
- SMB Holding Corporation
Exact text from the filing
The Pre-Funded Warrants will have an exercise price of $0.001 per Warrant Share, subject to customary adjustments, and will be exercisable at any time after original issuance and will not expire until exercised in full.
View on SEC.gov
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
Rivian Automotive, Inc. / DE entered into Master Framework Agreement with Rivian, LLC and Uber Technologies, Inc. (effective 2026-03-18).
- Action
- entry
- Agreement
- collaboration
- Counterparty
- Rivian, LLC and Uber Technologies, Inc.
- Effective
- 2026-03-18
Exact text from the filing
On the Effective Date, in connection with the execution and delivery of the Subscription Agreement, Rivian, LLC, a Delaware limited liability company and wholly-owned subsidiary of the Company ("Subsidiary"), entered into a Master Framework Agreement (the "Master Framework Agreement") by and among the Subsidiary, the Company and Uber, governing the collaboration between Subsidiary and Uber to develop, deploy, and operate autonomous vehicles on the Uber platform.
View on SEC.gov
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
Rivian Automotive, Inc. / DE entered into Subscription Agreement with SMB Holding Corporation and Uber Technologies, Inc. valued at $300 million (effective 2026-03-18).
- Action
- entry
- Agreement
- equity purchase
- Counterparty
- SMB Holding Corporation and Uber Technologies, Inc.
- Value
- $300 million
- Effective
- 2026-03-18
Exact text from the filing
On March 18, 2026 (the “Effective Date”), Rivian Automotive, Inc., a Delaware corporation (the “Company”), entered into a subscription agreement (the “Subscription Agreement”) by and among the Company, SMB Holding Corporation (“SMB”) and Uber Technologies, Inc. (“Uber”), providing for SMB’s investment in the Company through the sale and issuance of shares of the Company’s Class A common stock
View on SEC.gov
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