Lucid expands Uber robotaxi ambitions with major capital raise.

Lucid expands Uber robotaxi ambitions with major capital raise. The luxury EV maker announced plans to launch robotaxis by late 2026 while committing to supply at least 35,000 vehicles to Uber, significantly expanding their partnership. Lucid raised approximately one billion dollars to fund operations and development. However, the company suspended forward guidance citing market uncertainties and operational challenges. Gross margins faced pressure during the period, reflecting manufacturing ramp-up costs. The robotaxi initiative represents a critical growth vector for Lucid as it seeks to diversify revenue beyond traditional vehicle sales and establish itself in the autonomous mobility sector.