Lucid Group, Inc., maker of luxury electric vehicles, on Sept. 4 officially closed on a $300 million investment in the company by Uber Technologies, Inc.

The strategic investment was made as part of the next-generation premium global robotaxi program announced in July. The robotaxi, which will use Lucid’s electric vehicle technology platform, will be built at Lucid's manufacturing facility in Arizona and 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 service.

Expected to first launch later next year in a major U.S. city, the new robotaxi service combines the software-defined vehicle architecture of the Lucid Gravity, the scalability and proven capability of the Nuro Drive Level 4 autonomy system, and Uber’s vast global network and dynamic fleet management, delivering a fully integrated robotaxi experience developed for comfort, safety, and scale.

The robotaxi will leverage Lucid Gravity’s advanced technology platform, redundant electrical and controls architectures, and long range, which together make it an ideal fit for use in a scalable robotaxi offering. Uber aims to deploy 20,000 or more Lucid vehicles through the program over six years.

“Lucid’s innovations and technologies are second to none, and Uber’s investment is just the latest example of a third-party validating our highly advanced technical platform,” said Marc Winterhoff, Interim CEO at Lucid, in a Sept. 4 news release. “We look forward to further strengthening our close working partnership with Uber in the years to come, and continuing to explore new markets, opportunities, and partners that can best leverage Lucid’s leading technology.”