Rivian says it's on track for $250 million Uber funding by year-end, R2 demand strong
The funding from Uber and R2 sales are intended to help Rivian reduce heavy losses and cash burn. The company is currently investing in self-driving technology and benefiting from a joint venture with Volkswagen.
Key points
- Rivian is on track for $250 million in Uber funding by year-end.
- Demand for the R2 model remains strong.
- Revenue is being supported by a joint venture with Volkswagen.
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