Lucid Secures $750M in New Funding to Boost Autonomous Mobility Plans

Investments from Uber and Saudi Arabia's PIF will support Lucid's robotaxi development and upcoming midsize EV platform.

Apr. 17, 2026 at 9:14am by

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A blurred, abstract image of a Lucid electric vehicle in motion, with streaks of color representing speed and advanced engineering.Lucid's new funding will accelerate its autonomous mobility plans, as the company races to bring its innovative electric vehicles and robotaxi technology to market.San Francisco Today

Lucid Group, the electric vehicle startup, has secured $750 million in new funding from Uber and the Public Investment Fund (PIF) of Saudi Arabia. The agreement will strengthen Lucid's capital base as it advances its plans for a robotaxi service and prepares to launch a new midsize EV platform aimed at both consumer and enterprise markets.

Why it matters

This latest round of funding underscores Lucid's ambitions in the autonomous mobility space, where it is partnering with Uber and Nuro to develop a robotaxi service. The new capital will also support the development of Lucid's upcoming midsize EV platform, which is designed to offer competitive range and cost-efficiency to appeal to a broader customer base.

The details

The $200 million investment from Uber and $550 million from PIF will bolster Lucid's financial position as it works towards the commercial launch of its robotaxi service, with initial operations planned in the San Francisco Bay Area. Autonomous testing has already begun under Nuro, while Lucid has completed delivery of test vehicles. The midsize EV platform in development is intended to enable autonomous mobility at scale, with a focus on cost efficiency, manufacturing simplicity, and a tech-focused user experience.

  • In July 2025, Lucid announced a partnership with Uber and Nuro to develop a robotaxi service.
  • Autonomous testing for the robotaxi service began in December 2025 under Nuro.
  • Lucid completed delivery of test vehicles for the robotaxi service in February 2026.
  • The commercial launch of the Lucid robotaxi service is expected later in 2026.

The players

Lucid Group, Inc.

An American electric vehicle startup that is developing advanced electric vehicles and autonomous mobility solutions.

Uber

A multinational ride-hailing and food delivery company that is partnering with Lucid on the development of a robotaxi service.

Public Investment Fund (PIF)

The sovereign wealth fund of Saudi Arabia, which has invested $550 million in Lucid to support the company's growth.

Nuro

An autonomous delivery startup that is collaborating with Lucid and Uber on the robotaxi service.

Marc Winterhoff

The interim CEO of Lucid, who will return to his role as chief operating officer after the appointment of the new CEO, Silvio Napoli.

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What’s next

Lucid is expected to launch its commercial robotaxi service later in 2026, following the completion of autonomous testing and the delivery of test vehicles. The company is also preparing to introduce its new midsize EV platform, which is designed to offer competitive range, cost-efficiency, and a tech-focused user experience.

The takeaway

Lucid's latest funding round from Uber and the Saudi Arabia's PIF demonstrates the company's ambitions in the autonomous mobility space, where it is partnering with industry leaders to develop a robotaxi service. The new capital will also support the development of Lucid's upcoming midsize EV platform, which aims to bring electric vehicles to a broader consumer and enterprise market.