Uber Investing $200 Million in Lucid Group

<p><b>NEWARK<&sol;b> — Lucid Group&comma; maker of luxury electric vehicles&comma; has received new investment of at least &dollar;750 million from Uber and Ayar Third Investment Company&comma; an affiliate of the Public Investment Fund &lpar;PIF&rpar; of Saudi Arabia&period;<&sol;p>&NewLine;<p>As part of the agreement&comma; Uber will increase its purchase commitment to at least 35&comma;000 Lucid vehicles designed exclusively for use as part of Uber’s future global robotaxi service&period; The company has also committed to an additional &dollar;200 million investment in Lucid&comma; raising Uber’s total investments to &dollar;500 million to date&period; Ayar Third Investment has also committed a new investment of &dollar;550 million&comma; further strengthening the strategic partnership between the PIF and Lucid&period; Together&comma; these investments enhance Lucid’s capital position as the company advances its best-in-class software-defined vehicles and diversified enterprise platform strategy&period;<&sol;p>&NewLine;<p>This milestone builds on the partnership previously announced between Lucid&comma; 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&comma; utilizing the award-winning Lucid Gravity&period; The companies previously announced autonomous on-road testing&comma; led by Nuro&comma; began in December 2025&comma; and Lucid completed delivery of all test vehicles in February&period;<&sol;p>&NewLine;<p>&OpenCurlyDoubleQuote;Today’s announcement demonstrates the growing strength of our relationship with Uber&comma; our continued partnership with the PIF&comma; and the benefits our software-defined EV platforms bring to next-generation mobility networks&comma;” said Marc Winterhoff&comma; Interim CEO at Lucid&period; &OpenCurlyDoubleQuote;Building on the rapid progress of our collaboration with Lucid Gravity&comma; our Midsize platform will enable autonomous mobility at scale through cost efficiency&comma; manufacturing simplicity&comma; and a technology-forward user experience&period; This is yet another milestone in our partnership with Uber and Nuro&comma; and we look forward to building on our momentum together in the years to come&period;”<&sol;p>&NewLine;<p>&OpenCurlyDoubleQuote;We continue to deepen our commitments with both Lucid and Nuro because both companies are executing extremely well against our fast-moving shared roadmap&comma;” said Dara Khosrowshahi&comma; CEO at Uber&period; &OpenCurlyDoubleQuote;That strong execution keeps us on track to deepen our investment and increase the number of vehicles we plan to deploy&comma; while Lucid’s future Midsize platform creates an even clearer path to stronger unit economics&period; This is all about moving at speed while scaling intelligently to build a leading robotaxi service around the world&period;”<&sol;p>&NewLine;