Uber on Thursday announced a $300 million partnership to deploy more than 20,000 robotaxis over the next six years as demand for driverless cars kicks into high gear.
The ride-hailing company will invest $300 million in Lucid. Nuro will build the self-driving nology that will be used by Lucid to supply Uber at least 20,000 robotaxis over the course of the deal.
The companies plan to launch the robotaxis in a major U. Urban hub next year.
On the other hand, Additionally, In this articleLCIDU1BE3'-BR your favorite stocksCREATE FREE ACCOUNTAn autonomous robotaxi from Uber's partnership with Lucid and autonomous vehicle startup, Nuro (which is quite significant).
Moreover, On the other hand, Courtesy: Nick Twork | LucidUber on Thursday announced a partnership to deploy more than 20,000 robotaxis over the next six years as demand for driverless cars kicks into high gear.
As part of the partnership, the ride-hailing company is teaming up with Lucid, the electric vehicle maker, and Nuro, an autonomous vehicle startup (an important development), in today's financial world.
Under the agreement, Uber will invest $300 million in Lucid, in light of current trends.
In contrast, Nuro will develop the self-driving nology that Lucid will use to supply Uber with robotaxis over the course of the deal and receive a multi-hundred-million-dollar investment.
Lucid stock popped 37% Thursday. Uber s were flat (noteworthy indeed). The companies plan to launch the robotaxis in a major U. Moreover, Urban hub next year, considering recent developments.
"We're thrilled to partner with Nuro and Lucid on this new robotaxi gram, 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 (an important development), considering recent developments.
Furthermore, In contrast, In an interview with CNBC, Lucid interim CEO Marc Winterhoff called the partnership an opportunity for the EV maker to compete in a "completely new" addressable market it has yet to penetrate.
Read more CNBC newsPeter Thiel just bought a big stake in Tom Lee's ether company and the s are surgingNvidia CEO Jensen Huang wants to sell more advanced chips to China after H20 ban is liftedCrypto bounces on renewed optimism House could pass key stablecoin legislation this weekWhoop says FDA is 'overstepping its authority' with warning blood pressure featureNuro, which is backed by Google and the SoftBank Vision Fund, will vide "level 4 self-driving system" software for the cars.
The nology can drive passengers under normal traffic and weather conditions without a human behind the wheel.
Meanwhile, The partnership with Lucid and Nuro s Uber's alliance with Alphabet-backed Waymo. The two companies expanded their service to Atlanta and Austin, Texas, earlier this year.
Waymo's vehicles are also considered Level 4, as defined by SAE Levels of Driving Automation (an important development).
Tesla sells cars today equipped with Autopilot and FSD Supervised systems that fall into the level 2 category, requiring a human at the wheel.
Additionally, Elon Musk's EV company debuted a robotaxi pilot test in Austin in June, amid market uncertainty.
Lucid said the 450-mile range for its Gravity vehicles should help cut costs and charge times while imving accessibility.
Winterhoff said the gram may eventually include future Lucid vehicles currently in development. "We've been chosen because of our EV nology leadership," he said.
Furthermore, Testing for the first totype vehicle is underway on a closed circuit at Nuro's Las Vegas-based ving grounds.
In April, the startup raised $106 million in a funding round from T (fascinating analysis). Rowe Price, Fidelity, Tiger Global and Greylock, in light of current trends.
Additionally, The deal is a "blue for a robotaxi gram that's both commercially viable and globally scalable," Nuro said in a statement to CNBC.
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