Uber Technologies has agreed to invest $300 million in electric-vehicle maker Lucid Group and partner with self-driving startup Nuro to create a premium, fully autonomous robotaxi service that will operate exclusively on the Uber platform. Under a vehicle-production agreement signed 16 July, Uber and its designated fleet operators will purchase a minimum of 20,000 Lucid Gravity sport-utility vehicles over six years beginning in 2026. The SUVs will be fitted at the factory with Nuro’s Level-4 “Nuro Driver” technology and integrated into Uber’s ride-hailing software, with the first commercial deployment targeted for a major U.S. city late next year. The deal marks Uber’s largest single commitment to autonomous vehicles since it exited in-house development in 2020 and follows similar partnerships with Waymo and Volkswagen. Lucid said the capital infusion will help upgrade its assembly line for autonomous hardware, while Nuro will receive a separate, undisclosed multi-hundred-million-dollar investment from Uber. Separately, Lucid filed a preliminary proxy with the U.S. Securities and Exchange Commission seeking shareholder approval for a one-for-ten reverse stock split. News of the Uber investment and the proposed split sent Lucid shares up as much as 62 percent in pre-market trading on Thursday, while Uber shares traded modestly higher.