Uber, Lucid
Digest more
As part of a deepening relationship with each partner, Uber plans to make multi-hundred-million dollar investments in both Nuro and Lucid.
Uber (UBER) is betting big on robotaxis, with pure-play electric vehicle maker Lucid (LCID) as its partner. The two companies, along with autonomous tech firm Nuro (NURO.PVT), announced on Thursday morning a “next-generation premium global robotaxi program” exclusively for the Uber platform.
Uber already works with players like Waymo, Volkswagen, and Baidu in different markets. The Lucid partnership is set apart by Uber's significant financial investment, a sign that it sees meaningful strategic value.
Lucid Motors stock surge surprised the market with a 30% jump after teaming up with Uber and Nuro for a future-ready robotaxi project. This fresh partnership brings $300 million in funding from Uber and a commitment to buy 20,
Lucid Group partners with Uber and Nuro to deploy Gravity EVs as robotaxis, boosting delivery scale and entering the autonomous market. Click for my LCID update.
Ross Gerber is pushing back against a partnership between rideshare service Uber Technologies Inc. and automaker Lucid Group Inc.
Lucid shares jumped 36% Thursday on news the EV startup is partnering with self-driving software maker Nuro and rideshare giant Uber Technologies to bring a new group of robotaxis to Uber's platform.