• In March 2026, Rivian’s spun-off micromobility firm Also secured a US$200,000,000 Series C funding round led by DoorDash, alongside a multi-year agreement to deploy small autonomous electric delivery vehicles that will draw on Rivian’s technology and retail footprint.
• This partnership not only deepens Rivian’s role in autonomous delivery ecosystems, but also highlights how its autonomy platform could be monetized beyond its core EV lineup.
• We’ll now explore how DoorDash’s investment in Rivian’s Also spinoff, and the planned autonomous delivery rollout, may reshape Rivian’s investment narrative.

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Rivian Automotive Investment Narrative Recap

To own Rivian today, you generally need to believe its R2 platform and autonomy stack can eventually support a viable, higher margin business despite ongoing losses and heavy cash burn. The DoorDash backed funding for Also and the Uber robotaxi partnership both point to new ways Rivian’s autonomy and software could be used, but they do not immediately change the near term focus on liquidity, execution on R2, and the risk of further shareholder dilution.

Among recent developments, the Uber partnership around autonomous R2 robotaxis is most relevant. Uber plans to invest up to US$1.25 billion through 2031, contingent on Rivian meeting autonomy milestones, with an initial US$300 million commitment subject to regulatory approval. If Rivian executes, this agreement could reinforce R2 demand and support its autonomy platform as a potential revenue driver, which many investors see as a key catalyst alongside the core R2 vehicle ramp.

Yet behind the robotaxi headlines, investors should also be aware of the ongoing high cash burn and potential need for additional capital raises...

Rivian Automotive's narrative projects $15.7 billion revenue and $788.9 million earnings by 2028. This requires 44.9% yearly revenue growth and an earnings increase of about $4.3 billion from -$3.5 billion today.

Uncover how Rivian Automotive's forecasts yield a $16.96 fair value, a 13% upside to its current price.

Exploring Other Perspectives

Some of the lowest ranked analysts were already assuming only about 20.8 percent annual revenue growth to roughly US$9.1 billion by 2028, so compared with the autonomy optimism around the Uber and Also news, their view is far more cautious and shows how sharply opinions can differ and might shift as these partnerships develop.

Explore 5 other fair value estimates on Rivian Automotive - why the stock might be worth just $16.96!

Reach Your Own Conclusion

Don't just follow the ticker - dig into the data and build a conviction that's truly your own.

• A great starting point for your Rivian Automotive research is our analysis highlighting 2 key rewards and 1 important warning sign that could impact your investment decision.
• Our free Rivian Automotive research report provides a comprehensive fundamental analysis summarized in a single visual - the Snowflake - making it easy to evaluate Rivian Automotive's overall financial health at a glance.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.