Uber to invest in $300m in EV maker Lucid amid robotaxi deal
Briefly

Uber will invest $300 million in Lucid and partner with Nuro to deploy 20,000 autonomous Lucid Gravity SUVs starting in 2026 in a major US city. This agreement revives Uber’s interest in the robotaxi market after exiting in 2020, following an initial wave of investment in autonomous driving that yielded limited results. Despite challenges in commercializing AV technology, including high costs and regulatory hurdles, Uber continues to forge partnerships with tech developers like Waymo and Volkswagen to pursue its robotaxi ambitions.
The ride sharing company will use 20,000 SUVs starting with a US city in 2026. Uber will invest $300m in electric vehicle maker Lucid in a robotaxi deal.
Over six years starting in 2026, Uber will acquire and deploy over 20,000 Lucid Gravity SUVs equipped with autonomous vehicle technology from startup Nuro.
Uber's latest move underscores its renewed push into the robotaxi space after exiting in 2020. Uber has pivoted to partnerships with several technology developers.
Commercializing AV tech has been much harder than anticipated, with high costs, tight regulations and federal investigations forcing many companies to shut down.
Read at www.aljazeera.com
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