Uber completed a $300m investment in Lucid Motors.

Uber, an American multinational transportation company, completed a $300m investment in Lucid Motors, a Silicon Valley-based technology company focused on creating the most advanced EVs in the world. The strategic investment was made as part of the next-generation premium global robotaxi program announced in July. The robotaxi, which will utilize Lucid's electric vehicle technology platform, is planned to be built at Lucid's manufacturing facility in Arizona and will operate exclusively on Uber's ride-hailing platform. The funding supports the partnership between the two companies and contributes to development costs associated with the autonomous robotaxi initiative.