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Uber (UBER) now owns 11.5% of Lucid (LCID): it gets interesting

Uber lucid

A new SEC filing reveals that Uber Technologies has become a major shareholder of Lucid Group, holding 37.7 million shares of Class A common stock — an 11.5% ownership stake that makes the ride-hailing giant one of Lucid’s largest investors outside the Saudi Public Investment Fund.

The filing, a Form 3 submitted to the SEC on April 20 with an event date of April 14, confirms that Uber has crossed the 10% ownership threshold after pouring a total of $500 million into the struggling EV maker as part of their expanding robotaxi partnership.

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Lucid names new CEO as it raises over $1 billion and ramps up robotaxi ambitions

Lucid new CEO

Lucid Motors is peppering the public with press releases this morning, sharing a slew of exciting updates. In addition to naming its next CEO, Lucid has confirmed a new funding raise totaling over 1 billion dollars, consisting of a registered public offering of common stock, plus increased investments from existing partners like Uber.

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Lucid, Uber, and Nuro unveil production-intent Gravity robotaxi with road testing underway [Videos]

Lucid Robotaxi

Six months after Uber announced a new business venture with Lucid Group and Nuro to deploy tens of thousands of self-driving Gravity SUVs, the three companies have unveiled their production-intent robotaxi design. The purpose-built Gravity robotaxi is on display at CES in Las Vegas this week, and we’ve learned on-road testing is already underway. View more in the videos below.

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‘Uber Green’ shifts to ‘Uber Electric,’ and is offering (some) drivers $4k to switch to an EV

Uber Electric

Uber gets it. The rideshare behemoth has observed the upward trend of EV adoption across its database of customers and drivers and is helping to support that transition. Beginning today, the “Uber Green” ride option is now called “Uber Electric,” visible to all app users worldwide. To celebrate the transition, Uber is offering discounted rides for those opting for electric vehicles, and drivers may also qualify for a $4,000 grant.

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Uber to deploy 20,000 Lucid Gravity robotaxis equipped with Nuro Driver, beginning next year [Video]

Lucid-first-EV-Uber

Lucid Gravity Robotaxis? Yes, please! Uber Technologies, Lucid Group, and Nuro, Inc. announced an exciting new partnership this morning. The three will combine technologies to deliver the public a premium global robotaxi option on Uber’s platform. We should see the Lucid robotaxis roll out in their first major city next year.

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Uber finds another AI robotaxi partner in Momenta, driverless rides to begin in Europe

Uber Robotaxi

Shortly after announcing a strategic partnership with May Mobility to offer robotaxi rides to customers in the US, Uber has secured a second driverless tech company amid plans to scale the technology to new regions. Following a new partnership with Momenta, Uber will also expand robotaxi rides to Europe.

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Uber is offering customers rides in the Lotus Eletre for a chance to win free rides for a decade

Uber Lotus

To promote emissions-free rides in the UK, Uber has teamed up with Lotus to deploy a fleet of the latter’s Eletre Hyper EVs around London. Now through the end of November, London commuters can book a ride in an Eletre by selecting Uber Green in their app. Better yet, the rider who saves the most emissions will win free Uber Green rides for the next ten years.

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Burger bots! Serve Robotics and Uber Eats to roll out autonomous robot deliveries for Shake Shack

Uber eats robot deliveries

Uber Eats customers in Los Angeles may have their next Shake Shack order delivered to them via an autonomous robot. Autonomous sidewalk delivery company Serve Robotics has announced a new partnership with the fast-food chain and will deploy the robots around LA to hand off orders for Uber Eats.

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