Lucid shares jump as it secures $300 million investment from Uber for next-gen robotaxi fleet

Lucid Group, the luxury electric vehicle maker best known for its Lucid Air, has officially closed a $300 million strategic investment from Uber Technologies, sealing a partnership aimed at developing a new generation of autonomous robotaxis. The deal was first announced in July and will see Lucid manufacture vehicles based on its upcoming Gravity SUV platform, while Uber provides the global ride-hailing network to deploy them. The vehicles will be equipped with Nuro’s Level 4 self-driving system, enabling full driverless operation without human intervention.

News of the Uber investment triggered a surge in Lucid shares, pushing the price to around $18.41 from $16.15 on 4th September. The spike reflected investor optimism over the company’s entry into the autonomous vehicle market.

Under the agreement, Lucid will build the robotaxis at its Arizona factory, with service scheduled to launch in a major US city in late 2026. Uber has committed to deploying at least 20,000 vehicles worldwide over the next six years, making this one of the largest robotaxi programs in the industry to date.

According to the EV report website, Marc Winterhoff, Interim CEO at Lucid, commented on the significance of the investment. “Lucid’s innovations and technologies are second to none, and Uber’s investment is just the latest example of a third-party validating our highly advanced technical platform,” he stated.

He added, “We look forward to further strengthening our close working partnership with Uber in the years to come, and continuing to explore new markets, opportunities and partners that can best leverage Lucid’s leading technology.”

He believes the investment validates the automaker’s engineering approach.

The robotaxi will be built on Lucid Gravity’s software-defined architecture, which includes redundant control systems and long-range electric performance. Combined with Nuro’s autonomy stack and Uber’s dynamic fleet management, the companies say the service will deliver comfort, safety, and scalability.

Analysts note that while the Uber partnership could drive future revenue and validate Lucid’s technology, the company must still overcome production bottlenecks and market pressures to achieve sustainable growth.

Uber already collaborates with Waymo in select US markets, but its investment in Lucid and Nuro signals a push to accelerate its own driverless future at scale. If successful, the partnership could reshape both companies’ fortunes and the future of electric vehicles.