Lucid partners with Uber and Nuro on robotaxi program; Uber commits to 20,000 vehicles, invests $300M

Lucid Group, Inc.

• Minimum commitment of 20,000 Lucid Gravity Plus vehicles over six years; production targeted late 2026.
• Uber subsidiary to purchase $300M in Lucid common stock in private placement, closing Q3 2025.
• Proceeds from private placement to fund non-recurring engineering for autonomous driving modifications and general corporate.
• First robotaxi launch expected in a major US city later next year (2026) with Nuro's Level 4 autonomy.
• Lucid Gravity's 450-mile EPA range and zonal architecture cited as ideal for autonomous ride-hailing.