Lucid Group

Uber has announced plans to roll out a fleet of 20,000 self-driving taxis after striking a landmark £224 million deal with electric vehicle maker Lucid Group.

Summary of transaction details:

• Value: £224 million
• Sector: Automotive & Mobility
• Advisor: N/A
• Key Entities: Uber, Lucid Group
• Location: Global

Note: The deal highlights Uber’s continued strategy of partnering with, rather than building, autonomous vehicle technology in-house—marking a clear departure from the approach under former CEO Travis Kalanick.