Uber Inks Robotaxi Deal with Lucid is investing 300 million US dollars in EV Company

Above On Thursday, a partnership for the use of more than 20,000 robotaxis announced in the next six years, as the demand for driverless cars will be in full activity.

As part of the partnership, the trip hailing company works together with ClearThe electric vehicle manufacturer and Nuro, an autonomous vehicle start. As part of the agreement, over 300 million US dollars will invest in Lucid. Nuro will develop the self -driving technology with which Lucid Uber will provide robotaxis in the course of the deal and get an investment of several hundred million dollars.

The clear stock appeared by 30% on Thursday. Uber shares were slightly higher.

The companies are planning to start robotaxis in a large US city center next year.

“We are thrilled to work with Nuro and Lucid in this new Robotaxi program, which was only built for the Uber platform to bring the magic of autonomous driving safe around the world,” said Uber CEO Dara Khosrowshahi in a statement.

In an interview with CNBC, Marc Winterhoff, CEO of Lucid Interim, described the partnership as an opportunity for the EV manufacturer to compete in a “completely new” addressable market, which he has not yet permeated.

Nuro, which is supported by Google and the Softbank Vision Fund, will provide the “Level 4 self -driving system” software for the cars. Technology can drive passengers behind the steering wheel under normal traffic and weather conditions without people.

The partnership with Lucid and Nuro follows Uber's Allianz alphabet-Backed Waymo. The two companies expanded their service to Atlanta and Austin, Texas at the beginning of this year.

Waymo's vehicles are also considered level 4, as defined by SAE drive automation. Tesla Sells cars that are now equipped with autopilot and FSD monitored systems that fall into the Level 2 category and requires a person at the wheel. Elon Musk's EV company made a robotaxi pilotte test in Austin in June.

Lucid said that the 450-mile range for its gravity vehicles should help reduce the costs and the fees and at the same time improve accessibility. Winterhoff said that the program could ultimately include future clear vehicles that are currently under development.

“We were selected for our EV technology introduction,” he said.

The testing of the first prototype is tested on a closed circle on the in Las Vegas in Las Vegas in Las Vegas in Las Vegas. In April, the startup collected 106 million US dollars in a financing round by T. Rowe Price, Fidelity, Tiger Global and Greylock.

The deal is a “blueprint for a robotaxi program that is both commercially viable and globally scalable,” said Nuro in an explanation of CNBC.

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