Per the terms of the deal, Uber will invest $300 million into Lucid to help the company build a reported 20,000 (or more) vehicles over the next six years. These vehicles will come equipped with autonomous driving software developed by Nuro, another Uber partner.

Uber is investing $300 million in Lucid and taking a stake in Nuro to launch 20,000 robotaxis, signaling its return to autonomous driving.

Lucid Revs Its Engine Lucid Group (NASDAQ:LCID) saw its stock soar 36% to $3.12 per share following a $300 million partnership with Uber Technologies (NYSE:UBER) and autonomous driving startup Nuro to deploy 20,