Uber is investing $300 million in Lucid, a spokesperson for the automaker, Nick Twork, confirmed. The investment in Nuro will be “significantly more than that,” Ferguson said, though he declined to share an exact figure. As part of the deal, Uber will take a seat on Nuro’s board of directors.

The ride-sharing company also announced it’s making separate multi-hundred-million dollar investments in both Lucid and Nuro.

The autonomous vehicle sector got a jolt on Thursday when Lucid Group (NASDAQ:LCID) announced a three-way partnership with Uber Technologies (NYSE:UBER) and privately held Nuro to deploy at least 20,000 Lucid Gravity SUVs equipped with Nuro's L4 autonomous technology on the Uber (NYSE:UBER) network over the next six years.