Uber invests in Lucid and Nuro to launch robotaxi service

Uber is making a significant investment in Lucid and Nuro to develop a new robotaxi service.

Uber invests heavily in Lucid and Nuro for premium robotaxi service

Uber is investing hundreds of millions of dollars in electric vehicle maker Lucid and autonomous vehicle technology startup Nuro to create a premium robotaxi service. Announced on Thursday, the agreement includes a $300 million investment in Lucid and the purchase of at least 20,000 of its Gravity SUVs, which will feature Nuro's autonomous systems. Production of these vehicles is set to begin in late 2026, with plans for a robotaxi service launch in a major U.S. city next year. Uber is also investing a substantial, undisclosed sum in Nuro, indicating strong confidence in the partnership to navigate the growing autonomous vehicle market. The collaboration reflects Uber's ongoing efforts to align with suitable technology partners after evaluating multiple options over the past year. Lucid's Gravity vehicles, designed with state-of-the-art driving systems, are essential for this venture.

Uber's investment marks a critical step forward in the race for autonomy, indicating not only its financial commitment but also a strategy that aims to dominate the future of urban mobility. This move could reshape the robotaxi landscape by merging luxury EV design with cutting-edge technology. As competition increases, Uber's readiness to invest significantly also suggests a belief that the future of transport will heavily rely on autonomous solutions. With a market still in its infancy, bold investments like this could define players for years to come.

Highlights

Uber's bold move could reshape the future of urban transport.