Insider Brief
- Lucid Group is expanding its partnership with Uber, including a commitment for at least 35,000 vehicles for use in Uber’s planned global robotaxi network, alongside new investments totaling $750 million from Uber and a Saudi Public Investment Fund affiliate, the company said.
- Uber will invest an additional $200 million, bringing its total investment in Lucid to $500 million, while Ayar Third Investment Company will contribute $550 million to support vehicle development, manufacturing scale-up and autonomous fleet deployment.
- The deal builds on Lucid’s partnership with Uber and Nuro, with robotaxi service expected to launch later this year in the San Francisco Bay Area as automakers and ride-hailing platforms move toward scaled autonomous mobility.
Lucid Group is expanding its partnership with Uber, including a commitment for at least 35,000 vehicles for use in Uber’s planned global robotaxi network, alongside new investments totaling $750 million from Uber and an affiliate of Saudi Arabia’s Public Investment Fund.
According to Lucid, Uber has agreed to invest an additional $200 million in Lucid, bringing its total investment to $500 million, while Ayar Third Investment Company will contribute $550 million, strengthening Lucid’s capital position as it advances its software-defined vehicle platform and enterprise strategy.
“We continue to deepen our commitments with both Lucid and Nuro because both companies are executing extremely well against our fast-moving shared roadmap,” Uber CEO Dara Khosrowshahi said in the announcement. “That strong execution keeps us on track to deepen our investment and increase the number of vehicles we plan to deploy, while Lucid’s future Midsize platform creates an even clearer path to stronger unit economics. This is all about moving at speed while scaling intelligently to build a leading robotaxi service around the world.”
The agreement builds on a three-way partnership between Lucid, Uber and autonomous driving company Nuro, with commercial robotaxi operations expected to launch later this year in the San Francisco Bay Area using Lucid Gravity vehicles. Autonomous testing began in December 2025, with Lucid completing delivery of test vehicles earlier this year.
Lucid said its upcoming midsize vehicle platform, expected to be priced below $50,000, is designed to support large-scale autonomous fleet deployment with lower battery requirements, improved efficiency and competitive range, targeting stronger unit economics for fleet operators.
“Today’s announcement demonstrates the growing strength of our relationship with Uber, our continued partnership with the PIF, and the benefits our software-defined EV platforms bring to next-generation mobility networks,” said Marc Winterhoff, Interim CEO at Lucid. “Building on the rapid progress of our collaboration with Lucid Gravity, our Midsize platform will enable autonomous mobility at scale through cost efficiency, manufacturing simplicity, and a technology-forward user experience.”
Lucid also announced a $300 million underwritten public stock offering, bringing total capital raised across the Uber investment, PIF-backed convertible preferred and equity offering to approximately $1.05 billion, the company said.
Image credit: Robotaxi
