Uber plans to take a $300mn stake in US electric vehicle maker Lucid as part of a deal that will see the ride-hailing platform launch its first robotaxi fleet.
The companies said on Thursday that Uber would purchase at least 20,000 vehicles from Lucid and become the group’s second-largest shareholder after the Saudi Public Investment Fund (PIF).
Under the agreement, customised versions of Lucid’s Gravity SUV, which uses technology from self-driving start-up Nuro, will be rolled out over a six-year period, starting in a large US city next year.
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