Lucid Group significantly expands partnership with Uber

Lucid Group (LCID) announced a significant expansion of its partnership with Uber (UBER), further supported by an additional long-term investment from Ayar Third Investment Company, an affiliate of the Public Investment Fund. As part of the agreement, Uber will increase its purchase commitment to at least 35,000 Lucid vehicles designed exclusively for use as part of Uber’s future global robotaxi service. The company has also committed to an additional $200M investment in Lucid, raising Uber’s total investments to $500M to date. Ayar Third Investment has also committed a new investment of $550M, further strengthening the strategic partnership between the PIF and Lucid. Together, these investments enhance Lucid’s capital position as the company advances its best-in-class software-defined vehicles and diversified enterprise platform strategy. This milestone builds on the partnership previously announced between Lucid, Nuro and Uber in July 2025 as the companies prepare for commercial launch of their next-generation robotaxi service later this year in the San Francisco Bay Area, utilizing the award-winning Lucid Gravity. The companies previously announced autonomous on-road testing, led by Nuro, began in December 2025, and Lucid completed delivery of all test vehicles in February.