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    Uber to invest hundreds of millions of dollars in Lucid and Nuro in massive robotaxi deal
    Futurology

    Uber to invest hundreds of millions of dollars in Lucid and Nuro in massive robotaxi deal

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    1. theverge on

      Uber plans to make “multi-hundred-million dollar investments” in both Nuro and Lucid as part of a massive new robotaxi deal that was just announced.

      The three companies are linking up to deploy “20,000 or more” robotaxis in the US over the next six years. The vehicles will be Lucid’s new Gravity SUV, equipped with autonomous technology developed by Nuro, and available exclusively on Uber’s app. The fleet will be owned by Uber or a third-party fleet management partner and the first vehicles will launch in as-yet-to-be-determined US city in 2026.

      Uber is investing $300 million in Lucid, a spokesperson for the automaker, Nick Twork, confirmed. The investment in Nuro will be “significantly more than that,” Ferguson said, though he declined to share an exact figure. As part of the deal, Uber will take a seat on Nuro’s board of directors.

      Uber’s decision to pour hundreds of millions of dollars in both companies underscores its desire to become a clearinghouse for both electric and autonomous vehicles of all stripes. The ridehail company has said it wants to use its size and scale to aid in the proliferation of autonomous vehicles across the world. It has struck over a dozen deals over the past year with a variety of robotaxi and delivery robot companies, including Waymo.

      Read more from Andrew Hawkins: [https://www.theverge.com/news/708479/uber-lucid-nuro-robotaxi-deal-investment](https://www.theverge.com/news/708479/uber-lucid-nuro-robotaxi-deal-investment)

    2. 7th_Sim on

      Hence, why I will never use their services.

      These companies put our lives in danger for profit.

    4. Anomard on

      Let’s allow big companies to build monopolies in USA so they will dominate whole worlds with their product….wait why are other countries not allowing our companies to build monopol in their markets? Why don’t we have any competition and one company can dictate prices and kill every competition?

      Strategy that used to work but no more.