Lucid Group , Inc. (NASDAQ: LCID ), maker of the world’s most advanced electric vehicles, today announced the closing of a $300 million investment in the company by Uber Technologies, Inc. (NYSE: UBER ) (“Uber”). The strategic investment was made as part of the next-generation premium global robotaxi program announced in July.

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The robotaxi, which will utilize Lucid’s electric vehicle technology platform, is planned to be built at Lucid’s manufacturing facility in Arizona and will operate exclusively on Uber’s ride-hailing platform. The funding supports the partnership between the two companies and contributes to development costs associated with the autonomous robotaxi initiative.

Expected to first

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