Uber Announces $300 Million Deal to Deploy Driverless Robotaxis
Are you ready to be picked up in a driverless Uber?
The ride service company announced a headline making deal on Thursday (July 17) to deploy over 20,000 robotaxis over the next six years amid increasing demand for driverless cars, CNBC reports.
Uber is partnering with Lucid, an electric car producer, and the startup Nuro, an autonomous car company, to deploy driverless cars.
The deal sees Uber investing $300 million in Lucid. At the same time, Nuro is developing the technology for self-driving cars, which Lucid will use for Uber’s robotaxis.
Keep reading to find out more…
The companies plan to launch the robotaxis in a major U.S. urban hub sometime in 2026.
Lucid’s stock went up 30% upon the announcement, while Uber’s shares were “marginally higher,” according to the report.
Nuro will provide “level 4 self-driving system” software for the cars, which can drive passengers under normal traffic and weather conditions without a human behind the wheel.
“We’re thrilled to partner with Nuro and Lucid on this new robotaxi program, purpose-built just for the Uber platform, to safely bring the magic of autonomous driving to more people across the world,” said Uber CEO Dara Khosrowshahi in a statement, via CNBC.
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Posted To:Lucid Nuro Technology Uber
