Uber makes multi-million-dollar investment in Lucid and Nuro to build a premium robotaxi service
Uber is investing hundreds of millions of dollars into EV maker Lucid and autonomous vehicle technology startup Nuro in a bid to launch its own premium robotaxi service.
Under the deal announced Thursday, Uber will invest $300 million in Lucid and separately buy “at least” 20,000 of the EV maker’s new Gravity SUV over the next six years. Those EVs will be equipped with Nuro’s autonomous vehicle system, and the vehicles will be owned and operated by Uber or its third-party fleet partners. Uber plans to launch a robotaxi service in a major U.S. city next year.
Production of these modified Lucid Gravity vehicles is expected to begin in late 2026, according to a regulatory filing.
Uber is also investing an undisclosed “multi-hundred-million dollar” amount into Nuro. One source familiar with the agreement said the amount is more than Uber’s investment in Lucid.
The agreement between the three companies was a year in the making, Nuro co-founder and president Dave Ferguson told TechCrunch.
“I think that’s probably a reflection of how meaty it is,” he said, adding that Uber was looking to make a very large commitment to a robotaxi program, and spent time with almost every AV company to find the most suitable partner.
“We were thrilled that, at the end of all that, we were the partner that was chosen.”
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Ferguson said engineers at Lucid and Nuro have already made progress on the project. The companies have been testing a prototype driverless vehicle on a closed track at Nuro’s proving grounds in Las Vegas.
Uber has spent the past two years locking in partnerships with autonomous vehicle technology companies, covering the spectrum of how self-driving systems can be applied to the physical world. The ride-hailing giant has partnered with more than 18 companies globally, across ride-hailing, delivery, and trucking. Just this year alone, it announced deals with Ann Arbor, Michigan-based May Mobility Volkswagen, as well as Chinese self-driving firms Momenta, WeRide, and Baidu.
Uber’s most high-profile partnership in the U.S. — and one that is commercially operating today — is with Waymo. The companies offer a “Waymo on Uber” service in Austin and Atlanta.
This deal illustrates just how much money Uber is willing to invest in hopes of tapping into, and even dominating, the burgeoning autonomous vehicle market.
Kirsten Korosec is a reporter and editor who has covered the future of transportation from EVs and autonomous vehicles to urban air mobility and in-car tech for more than a decade. She is currently the transportation editor at TechCrunch and co-host of TechCrunch’s Equity podcast. She is also co-founder and co-host of the podcast, “The Autonocast.” She previously wrote for Fortune, The Verge, Bloomberg, MIT Technology Review and CBS Interactive.
