Uber Technologies Inc. disclosed on April 21, 2026, that it has become a major shareholder in Lucid Group Inc., holding an 11.52% ownership stake. According to a Schedule 13G filing with the Securities and Exchange Commission, Uber now owns 37,753,583 shares of Lucid’s Class A common stock. The stake is held through SMB Holding Corporation, a wholly-owned indirect subsidiary of the ride-hailing company. This disclosure follows a recent $200 million capital injection, which brought Uber’s total financial commitment to the electric vehicle manufacturer to $500 million.
The investment was finalized as part of a broader $1.05 billion capital raise announced by Lucid on April 14, 2026. This funding round also included a $550 million commitment from Ayar Third Investment Company, an affiliate of Saudi Arabia’s Public Investment Fund, which remains Lucid’s largest shareholder. Uber’s increased equity position coincides with a significant expansion of the operational partnership between the two firms, specifically targeting the deployment of a global robotaxi fleet.
As part of the revised agreement, Uber has increased its vehicle purchase commitment by 75%, pledging to integrate at least 35,000 Lucid vehicles into its autonomous driving network over the next six years. This expanded order includes the Lucid Gravity SUV and the company’s upcoming Midsize platform, which is expected to feature a starting price below $50,000. The Midsize platform is viewed as a critical component for achieving the unit economics necessary for mass-market autonomous ride-hailing.
The partnership operates as a three-way collaboration involving autonomous technology firm Nuro. Under this structure, Lucid provides the vehicle hardware, Nuro supplies the Level 4 autonomous driving system known as Nuro Driver, and Uber provides the ride-hailing network and fleet management infrastructure. Commercial operations are scheduled to begin in the San Francisco Bay Area later in 2026, following successful pilot testing that commenced in late 2025.
Uber Chief Executive Officer Dara Khosrowshahi stated that the company is deepening its commitment because Lucid and Nuro are executing effectively against a shared roadmap. Khosrowshahi noted that the partnership is designed to scale intelligently while building a leading global robotaxi service. Marc Winterhoff, who served as Lucid’s interim CEO during the negotiation, added that the agreement demonstrates the benefits of software-defined EV platforms for next-generation mobility networks. The filing also coincided with the appointment of Silvio Napoli as Lucid’s permanent Chief Executive Officer, ending a 14-month search for leadership.