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Adding another investment to its autonomous taxi ventures, Uber has reached an agreement with American electric vehicle maker Lucid Motors and autonomous driving systems developer Nuro. Under the agreement, Uber will invest $300 million in Lucid and purchase over 20,000 Lucid Gravity vehicles between 2026 and 2032, with Nuro integrating Level 4 autonomous driving technology into these vehicles.
Following this significant collaboration and investment, Lucid's shares surged 30% in the stock market. Approximately 60% of the company is owned by the Saudi Sovereign Wealth Fund.
Lucid, which also has a factory in Saudi Arabia, is expected to launch a mid-range electric vehicle in 2026.
