Lucid Secures $300M Investment from Uber for Robotaxi Fleet Development

Lucid Group has closed a $300 million strategic investment from Uber to develop a next-gen robotaxi fleet. The deal will see Lucid manufacture vehicles based on its upcoming Gravity SUV platform, while Uber provides the global ride-hailing network to deploy them. The vehicles will be equipped with Nuro's Level 4 self-driving system, enabling full driverless operation. The investment triggered a surge in Lucid shares, pushing the price to around $18.41. The partnership is expected to launch in a major US city in late 2026, with Uber committing to deploy at least 20,000 vehicles worldwide over the next six years.

Lucid Group, Inc. (NASDAQ: LCID) has successfully closed a $300 million strategic investment from Uber Technologies, Inc. (NYSE: UBER) to advance its next-generation premium global robotaxi program [1]. The funding will support the development and deployment of Lucid's electric vehicle technology platform, specifically the Lucid Gravity SUV, in partnership with Uber's ride-hailing network.

The investment, announced on September 4, 2025, will enable Lucid to manufacture vehicles at its Arizona facility and operate them exclusively on Uber's platform [1]. The vehicles will be equipped with Nuro Inc.'s Nuro Driver Level 4 autonomy system, allowing for full driverless operation. The partnership aims to deliver a scalable, comfortable, and safe ride-hailing experience by integrating Lucid Gravity’s software-defined vehicle architecture, long-range performance, and redundant safety systems with Uber’s extensive global network and fleet management [1][2][3].

Expected to debut in a major U.S. city in late 2026, the robotaxi service is projected to deploy at least 20,000 vehicles over the next six years [1][2][3]. The strategic investment has triggered a surge in Lucid shares, pushing the price to around $18.41 as of September 2, 2025 [1].

Marc Winterhoff, Interim CEO at Lucid, stated, "Lucid’s innovations and technologies are second to none, and Uber’s investment is just the latest example of a third-party validating our highly advanced technical platform. We look forward to further strengthening our close working partnership with Uber in the years to come, and continuing to explore new markets, opportunities, and partners that can best leverage Lucid’s leading technology" [1].

References:
[1] https://media.lucidmotors.com/en/newsitem/1044-lucid-announces-closing-of-300-million-investment-from-uber
[2] https://emobilityplus.com/2025/09/05/lucid-group-secures-300-million-investment-from-uber-to-accelerate-robotaxi-program/
[3] https://www.autoremarketing.com/ar/retail/lucid-closes-300m-robotaxi-investment-from-uber-debuts-ad-campaign-featuring-oscar-nominees/