Lucid Motors announced on Tuesday that Uber has expanded its purchase commitment for its upcoming global robotaxi service to at least 35,000 vehicles, up from the 20,000 Gravity SUVs agreed under the original July 2025 deal.
The expansion comes just over a month after the EV maker’s management told investors at its March 12 debut Investor Day that the agreement was “only days or weeks” away from being finalized.
The ride-hailing company will also invest an additional $200 million in Lucid, raising its total investment to $500 million.
Lucid also disclosed a fresh $550 million investment from Ayar Third Investment Company — an affiliate of its main backer, the Saudi Arabia’s Public Investment Fund (PIF).
The expanded fleet will include both the Lucid Gravity and the upcoming Lucid Midsize platform.
The latter is positioned as the cost-efficient workhorse for fleet deployment at scale, after Uber COO Andrew Macdonald told investors last month that bringing autonomous ride-hail to the mass market required “a more affordable vehicle platform.”
As outlined at the Investor Day, the Midsize vehicles are expected to offer similar range to competitors while using smaller battery packs, alongside class-leading interior space and faster charging.
Lucid has said starting prices will be under $50,000, targeting both retail buyers and enterprise fleet operators.
Uber Investment
Uber first invested $300 million in Lucid in July 2025 as part of the three-way robotaxi partnership with Nuro.
The deal included the original commitment to purchase at least 20,000 Gravity SUVs over six years.
Uber also took a stake in Nuro as part of a $203 million funding round in August 2025 that included Nvidia, though the size of its investment in the autonomy startup has never been publicly disclosed.
Tuesday’s announcement raises Uber‘s total Lucid investment to $500 million and lifts the vehicle commitment by 75%, to 35,000 units.
The inclusion of the midsize platform — for which production is scheduled to begin by year-end — marks a formal expansion beyond the Gravity-only scope of the original agreement.
Uber’s Stake in Lucid
Uber closed 2025 as Lucid‘s second-largest institutional investor, behind only the PIF — which holds 177 million shares and owns around 60% of the company.
The company acquired 13,715,121 Lucid shares during the third quarter — following its investment in July — valued at $326.3 million as of September 30.
Within six weeks, that position had dropped to $194.8 million — a 40% decline as the stock receded in the weeks following Lucid‘s 1-for-10 reverse stock split.
According to a February SEC filing, Uber closed 2025 with the same 13.7 million-share position, having made no changes during the fourth quarter.
As of December 31, the stake was valued at $145 million, down 55.6% from the end of Q3.
With Tuesday’s additional $200 million investment, Uber‘s holdings in Lucid will rise significantly in the second quarter.
Robotaxi Launch
The commercial robotaxi service remains on track to launch later this year in the San Francisco Bay Area, using the Lucid Gravity.
Autonomous on-road testing, led by Nuro, began in December 2025, and Lucid completed delivery of all engineering test vehicles in February.
Nuro disclosed last month that its engineering fleet now comprises nearly 100 Gravity vehicles, with testing under way in “multiple US cities and states.”
Vehicles from the fleet have also been spotted in Houston, though neither Lucid nor Nuro confirmed the Texas city as a commercial launch market.
Earlier this week, Nuro opened test rides to Uber employees in the Bay Area, with safety drivers on board, marking the first time the service has been trialled through the Uber app.
“Today’s announcement demonstrates the growing strength of our relationship with Uber, our continued partnership with the PIF, and the benefits our software-defined EV platforms bring to next-generation mobility networks,” said Marc Winterhoff, who has served as interim CEO at Lucid for the past fourteen months.
Accoridng to Uber CEO Dara Khosrowshahi, the company continues to “deepen our commitments with both Lucid and Nuro because both companies are executing extremely well against our fast-moving shared roadmap.”
The chief executive added that the “strong execution keeps us on track to deepen our investment and increase the number of vehicles we plan to deploy, while Lucid‘s future Midsize platform creates an even clearer path to stronger unit economics.”
