Lucid Group closes $300 million funding round led by Uber to support its robotaxi initiative, enhancing their partnership for developing next-gen electric vehicles.

Sep 04, 2025•12 days ago

Amount Raised

$300 Million

NewarkManufacturingAutomotive

Investors

Uber Technologies, Inc.

Description

Lucid Group, Inc. has announced the closing of a $300 million investment from Uber Technologies, Inc. The funding will aid in the development costs of Lucid's next-generation premium robotaxi program. This strategic partnership aims to deploy 20,000 or more Lucid vehicles over the next six years

Company Information

Company

Lucid Group

Location

Newark, California, United States

About

Lucid's mission is to inspire the adoption of sustainable energy by creating advanced technologies and the most captivating luxury electric vehicles centered around the human experience. The Company's first car, Lucid Air, is a state-of-the-art luxury sedan with a California-inspired design that features luxurious full-size interior space in a mid-size exterior footprint. The Lucid Air Grand Touring features an official EPA estimated 516 miles of range or 1,050 horsepower. Deliveries of Lucid Air, which is produced at Lucid's factory in Casa Grande, Arizona, are currently underway to U.S. and Canadian customers.

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