Uber will invest $300m in electric vehicle maker Lucid in a robotaxi deal that aims to start with one major US city late next year. The two companies announced the new partnership on Thursday.

Of that, $300 million will go to Lucid, the EV maker said in a separate filing to the U.S. Securities and Exchange Commission on Thursday. Lucid shares surged more than 26% to $2.95.

A Struggling EV Maker Lucid has struggled to gain traction in the electric vehicle (EV) market, plagued by high cash burn, with $5.5 billion in losses over 2023 and 2024. Despite delivering 3,309 ...

Uber will invest $300 million in electric vehicle maker Lucid in a robotaxi deal that aims to start with one major U.S. city late next year, the companies said on Thursday.

Of that, $300 million will go to Lucid, the EV maker said in a separate filing to the U.S. Securities and Exchange Commission on Thursday. Lucid shares surged more than 26% to $2.95.