Overview
- Lucid disclosed Tuesday that new commitments from Uber ($200 million) and PIF affiliate Ayar ($550 million) plus a $300 million stock offering will bring in about $1.05 billion to fund production and autonomy plans.
- Uber lifted its purchase commitment to at least 35,000 Lucid vehicles for a future robotaxi service, expanding beyond the Gravity SUV to include a new midsize platform designed for lower cost fleet use.
- Lucid appointed Silvio Napoli, a longtime Schindler Group leader, as CEO, with interim chief Marc Winterhoff set to become chief operating officer once Napoli receives U.S. work authorization.
- Nuro’s program, which opened employee test rides on Monday in the Bay Area with safety drivers, is running Lucid Gravity SUVs in autonomous mode ahead of a planned commercial launch later in 2026.
- The push to scale comes as PIF continues to bankroll Lucid and as the company readies a sub-$50,000 midsize model for fleet economics after a recent Gravity recall over improperly welded second-row seat belt anchors.