Uber Takes 11.5% Stake in Lucid to Power Robotaxi Expansion

Uber has disclosed an 11.52% stake in Lucid, deepening its partnership as both companies prepare for a large-scale robotaxi rollout. The investment, totaling over 37.75 million shares, adds to Uber’s growing financial and operational commitment to Lucid, signaling stronger alignment in the future of autonomous, electric mobility.

Uber expands Lucid stake to support robotaxi ambitions

Uber Technologies revealed the passive stake in Lucid Group through a regulatory filing, triggering a modest after-hours stock increase of over 1% for Lucid.

The move builds on an existing agreement for Uber to purchase at least 35,000 vehicles from Lucid for its planned global robotaxi service. Alongside that commitment, Uber has invested an additional $200 million, bringing its total financial backing of Lucid to $500 million, according to Gurufocus.

The partnership positions Lucid as a key supplier of premium EVs for Uber’s next-generation fleet, particularly as the ride-hailing giant looks to scale autonomous operations globally.

Strategic alignment reflects broader shift toward EV autonomy

Uber’s investment underscores a broader strategy to integrate electric and autonomous vehicles into its platform. With operations spanning more than 70 countries and over 200 million monthly active users, the company is aiming to secure long-term supply and technology partnerships to stay competitive in the evolving mobility landscape.

From a financial standpoint, Uber’s valuation reflects moderate growth expectations, with a price-to-earnings ratio of 16.45, lower than many high-growth tech peers. This could indicate room for upside as its mobility and autonomy strategies mature.

For Lucid, the investment provides both capital and validation at a critical stage of scaling production and expanding its vehicle lineup. Combined with its robotaxi ambitions, the partnership highlights how automakers and mobility platforms are increasingly converging around shared EV ecosystems.

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