Uber Partners with Lucid and Nuro for Robotaxis
Who: Uber Technologies (NYSE: UBER), Lucid (NASDAQ: LCID), Nuro.
What: Uber has entered a multiyear partnership involving a $300 million investment in Lucid and a separate “multi-hundred-million-dollar” investment in Nuro to develop an autonomous vehicle fleet.
When: Over the next six years, starting from now.
Where: Prototypes are currently being tested in Las Vegas. The robotaxi fleet will utilize Lucid’s Gravity SUV, featuring Nuro’s Level 4 autonomous driving technology, with a plan to deploy at least 20,000 vehicles.
Key Numbers: Uber’s investment includes $300 million in Lucid and a “multi-hundred-million-dollar” sum for Nuro, targeting 20,000 autonomous vehicles over six years.
