"Lucid announced that Uber is increasing its order of Gravity SUVs for its robotaxi fleet from 20,000 to 35,000, enhancing their partnership."
"Uber is contributing an additional $200 million to Lucid, supplementing the $300 million already invested last year, as part of their ongoing collaboration."
"Lucid is also securing $500 million from an affiliate of Saudi Arabia's sovereign wealth fund, which already holds a controlling stake in the company."
"Silvio Napoli, a Swiss-Italian executive with extensive experience in the elevator industry, has been appointed as the new CEO of Lucid."
Lucid is increasing its robotaxi fleet deal with Uber from 20,000 to 35,000 Gravity SUVs. Uber is investing an additional $200 million, building on a previous $300 million investment. Lucid is also securing $500 million from a Saudi Arabian sovereign wealth fund affiliate. Silvio Napoli, with a background in the elevator industry, has been appointed as the new CEO, concluding a 14-month search for a permanent leader after Peter Rawlinson's departure.
Read at The Verge
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