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Uber Commits $300 Million to Lucid and Deepens Nuro Partnership for Robotaxis

Uber will join Nuro’s board to steer the integration of Level 4 self-driving technology.

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Lucid’s Gravity electric SUV is seen in a preview at Lucid’s headquarters in Newark, California, U.S. November 3, 2023.  REUTERS/Abhirup Roy/File Photo

Overview

  • Uber will invest $300 million in Lucid and a significantly larger sum in Nuro to underpin its robotaxi venture.
  • As part of the pact, Uber secures a board seat at Nuro to influence the integration of Level 4 autonomous software.
  • The companies plan to acquire and deploy more than 20,000 Lucid Gravity SUVs equipped with Nuro’s self-driving system exclusively through the Uber app.
  • Deployment is set to start in a major U.S. city in late 2026, kicking off a six-year rollout of the fleet.
  • A prototype Lucid-Nuro robotaxi is already autonomously operating at Nuro’s Las Vegas proving grounds.