Lucid is expanding its robotaxi partnership with Uber from 20,000 to 35,000 Gravity SUVs and securing $700 million in additional capital ($200M from Uber, $500M from Saudi Arabia's Public Investment Fund). The company also appointed Silvio Napoli, a Swiss-Italian executive with 30+ years in elevator manufacturing, as its new CEO. The first robotaxi service, developed with autonomous startup Nuro, is already in beta in San Francisco with safety drivers.
Strategy
Lucid sells more robotaxis to Uber, appoints a new CEO
Lucid scales its Uber robotaxi fleet 75% to 35,000 vehicles with $700M in fresh capital and a manufacturing veteran as new CEO, betting aggressively on autonomous ride-hailing dominance.
Tuesday, April 14, 2026 12:00 PM UTC2 MIN READSOURCE: The VergeBY sys://pipeline
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