UBER: To Deploy 20,000 Robotaxis with Lucid & Nuro — But $200M IPO Fallout Still Weighs

Court: N.D. California

Case: 3:19-cv-06361

Uber (UBER) has unveiled an ambitious plan to deploy 20,000 autonomous vehicles globally by 2026, in partnership with EV manufacturer Lucid and self-driving tech firm Nuro. This bold step signals Uber’s commitment to transforming its core ride-hailing business. Yet, the company continues to carry the baggage of a $200 million legal settlement tied to misleading investors during its IPO.

🚘 Global Robotaxi Rollout Takes Shape

• The Partnership: Uber is teaming up with Lucid and Nuro to launch a "next-generation premium global robotaxi program."
• Fleet Size & Timeline: More than 20,000 Lucid Gravity SUVs will be fitted with Nuro’s Level 4 autonomous tech, with deployment starting in a major U.S. city in 2026.
• Lucid’s Role: Its Gravity EVs offer a 450-mile range and spacious interiors, backed by a modular zonal architecture designed for autonomous integration and OTA software updates.
• Nuro’s Contribution: Supplies the autonomous driving system, already tested on U.S. streets, promising fully driverless operations in mapped urban areas.
• Uber’s Strategy: Taps into its massive ride network in 70+ countries, aiming to reduce driver reliance and operating costs.
• Scaling Challenge: The project demands robust supply chain readiness—from sensors and software to fleet servicing and AV-compatible city infrastructure.
• CEO Optimism: Dara Khosrowshahi emphasized the partnership’s potential to “transform Uber’s global platform at scale.”

🧾 But Uber Still Faces Legal Fallout From Its IPO

• 📆 Timeline OverviewMay 9, 2019: Uber raises $8.1B in IPO.Aug 8, 2019: Reports massive $5.2B quarterly loss; stock plummets.Oct 4, 2019: Investors file suit citing fraud and safety oversight.
• 💼 Allegations IncludeSkirting regulations in high-growth markets like India, Brazil, and China.Ignoring safety concerns (5,981 assaults, 107 crash deaths, 19 fatal assaults).Misleading investors about growth, financial sustainability, and risk exposure.
• 💰 Investor UpdateUber agreed to a $200M settlement to resolve claims of deception during its IPO—an overhang that continues to shadow its growth milestones.

👉 You can check more information about it and file for a payout HERE.