Uber is investing hundreds of millions of dollars in Lucid Motors and autonomous vehicle startup Nuro to launch a premium robotaxi service. Uber will purchase at least 20,000 Lucid Gravity SUVs over six years, integrating Nuro's self-driving system. This Level 4 autonomous vehicle service aims to launch in a major U.S. city next year. The investment in Nuro surpasses the $300 million invested in Lucid, signifying Uber's significant commitment to the autonomous vehicle market.

Prepared by Christopher Adams and reviewed by editorial team.