Uber Technologies announced on July 17, 2025, an investment of $300 million in electric vehicle maker Lucid as part of a robotaxi deal. This strategic investment aims to integrate Lucid's EVs into Uber's autonomous vehicle network, with plans to launch services in one major U.S. city late next year. The collaboration aligns with Uber's long-term vision for sustainable and autonomous mobility.
This investment expands Uber's options for building out its robotaxi business, adding a premium electric vehicle manufacturer to its growing list of AV partners. By leveraging Lucid's advanced EV technology, Uber can enhance its service offerings and appeal to environmentally conscious consumers. The deal demonstrates Uber's commitment to a hybrid network of human and robot drivers.
For Uber, this financial commitment underscores its belief in the future of autonomous electric transportation. It allows Uber to participate in the development and deployment of cutting-edge AV technology without incurring the full capital costs of vehicle manufacturing. This strategic investment is expected to contribute to increased asset utilization and operational efficiencies in its autonomous segment.
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