Lucid Secures $750 Million Capital Boost, Scales Uber Robota (LCID, UBER)

Lucid Secures $750 Million Capital Boost, Scales Uber Robotaxi Fleet to 35,000 Units

Apr 14, 2026 11:26 UTC

LCID, UBER

Medium term

Lucid Group Inc. (LCID) is significantly strengthening its balance sheet and expanding its footprint in the autonomous vehicle sector through new strategic investments and a scaled partnership with Uber Technologies, Inc. (UBER). The deal involves a combined capital injection of $750 million, aimed at scaling Lucid's software-defined electric vehicles and mobility platforms. This move signals a deeper integration between the luxury EV maker and the ride-sharing giant as they target the high-growth robotaxi market. Ayar Third Investment Co., an affiliate of the Public Investment Fund, has committed $550 million to purchase convertible preferred stock. Simultaneously, Uber is adding $200 million to its stake in Lucid, bringing its total investment in the company to $500 million. The expanded collaboration, which also includes Nuro, focuses on the launch of a next-generation robotaxi service. The service is slated for rollout in the San Francisco Bay Area later in 2026, utilizing a fleet of at least 35,000 vehicles. Investors reacted positively to the news in pre-market trading, with Lucid shares surging 10.39% to $10.21. Uber shares saw a modest increase of 0.53%, trading at $72.71.

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Lucid Secures $750 Million Capital Boost, Scales Uber Robotaxi Fleet to 35,000 Units

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