Uber, Lucid and Nuro: A great commitment to the Robotaxi

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By Jack Ferson

The Competition for Robotaxis. After the sum of Tesla With your Robotaxi service to compete with Waymo de Alphabet-Aother firms seek to join the sector. Uber Tech, Lucid Group and Nuro They announced this Thursday A «last generation premium robotaxi global program» with which they will make a great commitment in the sector, according to Pras Subramanian en Yahoo Finance.

The new Robotaxi program would equip the SUV Lucid Gravity with the Nuros Driver Autonomous Software Level 4implemented in the Platform and Uber Fleet Management Systems. The latter states that the goal is to deploy 20,000 or more lucid electric vehicles equipped with Nuro Driver in the next six years.

Lucid electric vehicles will be owned by Uber or their external fleet partners, who will also operate them, and the service is expected to be launched next year in an «important city of the USA.» A Lucid Robotaxi prototype, which uses the Nuro software, is already being tested at the Nuro Testing Center in Las Vegas.

Lucid’s actions shot almost 30% in the first operations after the news of the agreement.

As part of the agreement, Uber announced an investment of 300 million dollars in lucid and a similar investment of several hundred millions of dollars in Nuro.

«We are delighted to associate with Nuro and Lucid in this new Robotaxi program, designed specifically for the Uber platform, to safely carry the magic of autonomous driving to more people around the world,» he said Dara Kosrowshahi, CEO of Uber, in a statement.

«This Uber investment confirms even more the totally redundant zonal architecture of Lucid and its high capacity platform as ideals for autonomous vehicles,» he said Marc Winterhoff, Interim CEO of Lucid. «This is the beginning of our way to extend our leadership in innovation and technology to this billionaire market.»

The Robotaxi Uber-Lucid-Nuro program is the latest commitment to Robotaxi services in the US., After Waymo’s leadership in this sector as the only real operator. Uber has also associated with Waymo In deployments in Austin y Atlanta.

And just this week, Tesla expanded her Robotaxi tests in Austinand Musk announced that the company would expand them to the San Francisco Bay area. However, reports suggest that requests for these state permits have not been submitted.

Uber had its own Robotaxi operations, but the company withdrew its efforts after a sound accident in Tempe, Arizona, in 2018.

As for Lucid, the company based in California announced a Solid Second quarter of deliverieswith the arrival to the new SUV lucid gravity dealers. Lucid’s goal of delivering 20,000 Sedanes Air and Suv Gravity in 2025 seems ambitious, but Uber’s orders will contribute to reaching it, assuming Lucid will increase gravity production.

Uber and Lucid, respectively, are the main participations of the Public Investment Fund (PIF) of Saudi Arabiawhich could explain why companies are being associated. According to him Last PIF 13F Reportwhich indicates the participations from the fund to March 31, the fund has a participation of 5,310 million dollars in Uber and one of 4,290 million dollars in lucidalthough the participation of the PIF in Lucid makes it the majority shareholder.

Lucid Group It leaves us a great bullish gap up to 2.99 dollars. The 70 and 200 periods are at the opening of the aforementioned GAP, RSI up in the 76 points and the fast (blue) line of the MacD above the zero level.

For its part, Uber Tech Follow down at $ 90.17. 70 and 200 periods are maintained below the price, down the 47 points and the MACD lines above the zero level.

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