Uber to buy 20,000 self-driving taxis in $300m Lucid partnership
Briefly

Uber has confirmed plans to introduce a fleet of 20,000 self-driving taxis by partnering with Lucid Group in a $300 million deal. These Lucid Gravity SUVs will feature self-driving technology from Nuro and will be rolled out gradually over six years starting in 2025 in major US cities. In addition to this partnership, Uber will acquire a significant equity stake in Lucid and is investing heavily in autonomous technology. The initiative reflects a continued strategy of collaboration in the growth of Uber's autonomous services amidst rising competition in the market.
Uber has announced plans to roll out a fleet of 20,000 self-driving taxis after striking a landmark $300 million deal with electric vehicle maker Lucid Group, marking a major leap forward in its autonomous ride-hailing ambitions.
The ride-sharing giant will begin deploying the Lucid Gravity SUVs-equipped with self-driving technology developed by robotics company Nuro-from next year. The vehicles will be introduced gradually over six years, starting in a major US city in 2025.
As part of the partnership, Uber will also take a $300 million equity stake in Lucid, making it the EV manufacturer's second-largest shareholder after Saudi Arabia's sovereign wealth fund.
Uber's chief executive Dara Khosrowshahi said the programme has the potential to reshape urban mobility. "Autonomous vehicles have enormous potential to transform our cities for the better," he said.
Read at Business Matters
[
|
]