Uber Technologies has significantly deepened its partnership with electric vehicle maker Lucid Group, increasing its investment to $500 million and expanding a key vehicle order for its future autonomous ride-hailing network. A regulatory filing on April 20, 2026, revealed that Uber now holds an 11.5% passive stake in Lucid through a subsidiary, a sharp increase from approximately 4% at the end of 2025. This holding represents about 37.75 million shares.
The total investment was raised from a previous $300 million, with potential for an additional $200 million on top of the new $500 million commitment. Concurrently, Uber expanded its vehicle order from Lucid from 20,000 to 35,000 cars, a 75% increase. These vehicles are designed exclusively for use in Uber's planned global robotaxi service.
The market reacted positively to the news. Lucid's stock, which had fallen 7.5% to $6.75 during regular Monday trading, bounced back roughly 5% in after-hours trading following the filing's release. Uber's stock also saw a slight gain of 0.5% during the day.
This deal is part of Lucid's wider $1.05 billion capital raise, which also includes backing from Saudi Arabia's Public Investment Fund (PIF), a longstanding financial supporter of the company. The original partnership between Uber, Lucid, and self-driving technology company Nuro was announced in July 2025. Under that agreement, Lucid supplies the vehicles, Nuro provides the autonomous driving software, and Uber operates the ride-hailing network.
Analysts view the expanded order as critical for Lucid, providing much-needed demand visibility and a clearer pipeline for volume production as the company faces pressure to demonstrate a path to scale. The Nuro-Lucid-Uber collaboration is positioned as one of the more concrete robotaxi efforts in the market, with a defined tech stack and capital structure.
The news coincided with Tesla's own robotaxi expansion over the same weekend, with Tesla adding Houston and Dallas to its ride-hailing platform. Tesla's stock dipped 2% in Monday's regular session.
