Uber Technologies announced a $300 million investment in electric vehicle maker Lucid Group, forming a strategic partnership with self-driving tech startup Nuro to launch a next-generation robotaxi fleet built exclusively for Uber’s global mobility platform.
Starting in 2026, Uber plans to acquire and operate over 20,000 Lucid Gravity SUVs, equipped with Level 4 autonomous driving technology developed by Nuro. The vehicles will be deployed over a six-year period, with the first pilot expected to launch next year in a major U.S. city. A prototype is already being tested at Nuro’s facility in Las Vegas.
These robotaxis will be exclusively available via the Uber app, operated either directly by Uber or its fleet partners.
As part of the deal, Uber will invest hundreds of millions of dollars in Lucid and Nuro. Of that, $300 million will go to Lucid, aimed at upgrading its production lines to integrate Nuro’s hardware into the Gravity model.
The partnership marks a major milestone for Uber’s renewed entry into the autonomous vehicle space, moving away from in-house development to collaboration with industry leaders like Waymo, Aurora, and Volkswagen.
Lucid shares surged by 62% in pre-market trading before settling at a 46% gain. Uber stock also rose 1% to $91.62.
The deal is also a strategic boost for Lucid, which is targeting production of 20,000 vehicles in 2025, and aims to showcase the Gravity SUV as a flagship model.
Interim CEO Marc Winterhoff described the partnership as “a launch point for Lucid to expand beyond EVs into autonomous technologies and new business verticals.”
