Ride-hailing giant Uber Technologies Inc. has taken a bold step toward realizing its autonomous ambitions, announcing a $300 million investment in electric vehicle manufacturer Lucid Motors. The deal forms part of a strategic alliance to launch a new fleet of robotaxis powered by Lucid’s upcoming Gravity SUV and autonomous driving technology from Silicon Valley robotics firm Nuro.
The announcement marks one of Uber’s most aggressive moves in the self-driving race, positioning the company to directly own and operate up to 20,000 autonomous electric vehicles over the next six years.
“This partnership brings together innovation, scale, and long-term vision,” said Uber CEO Dara Khosrowshahi in a statement. “We’re building a future where getting around is safer, cleaner, and more affordable—and this deal accelerates that mission.”
What’s in the Deal?
- Uber’s investment: $300 million into Lucid, acquiring a significant equity stake—about 3.3% of its market cap
- Vehicle commitment: Uber will purchase at least 20,000 Lucid Gravity SUVs outfitted with Nuro’s self-driving tech over six years, starting with a launch in late 2026 in major U.S. cities.
- Tech integration: Lucid Gravity vehicles will be fitted with Nuro’s Level 4 sensors and redundancy systems right at the manufacturing line.