Lucid (LCID) and Uber (UBER) expand robotaxi partnership to at least 35,000 vehicles; Uber increases total investment in Lucid to USD 500mln with USD 200mln additional commitment
Importance
Level 1
- Ayar Third Investment to purchase USD 550mln of Lucid convertible preferred stock
- Silvio Napoli will be next CEO and will join Lucid's Board of Directors.
- CEO Marc Winterhoff will serve as COO upon Napoli assuming the CEO role.