Uber Just Made a Huge Investment in Its Robotaxi Future. Here's What Investors Need to Know.

Uber Technologies (NYSE: UBER) is going all-in on autonomous vehicles. The company just committed to a massive multiyear partnership with electric vehicle (EV) maker Lucid (NASDAQ: LCID) and self-driving start-up Nuro in a move that could reshape its future.As part of this new alliance, Uber will make a $300 million investment in Lucid and a separate, "multi-hundred-million-dollar" investment in Nuro. It will then look to deploy at least 20,000 robotaxis built by Lucid and equipped with Nuro's Level 4 autonomous driving tech over the next six years. This isn't Uber's first foray into robotaxis, but it is its biggest direct bet on owning an autonomous fleet. The company already had partnerships with Alphabet's (NASDAQ: GOOGL) (NASDAQ: GOOG) Waymo and May Mobility in the U.S., WeRide in Europe and elsewhere, and Pony.ai in the Middle East.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool