Lucid's share price is on the move. Here's what its partnership with Uber and Nuro means for the future of transportation.

As part of a deepening relationship with each partner, Uber plans to make multi-hundred-million dollar investments in both Nuro and Lucid.

Lucid Group's stock soared 36% on 17 July, closing at £2.32 ($3.12), following a landmark partnership with Uber and Nuro to deploy 20,000 autonomous robotaxis. This move positions Lucid to challenge Tesla and Waymo in the intensifying robotaxi market.

A major change is quietly taking place on the roads of America. Not with drivers but without them. Self-driving taxis, also called robotaxis, are finally here. And two giants are leading the charge: Waymo and Tesla.

Uber (UBER) is betting big on robotaxis, with pure-play electric vehicle maker Lucid (LCID) as its partner. The two companies, along with autonomous tech firm Nuro (NURO.PVT), announced on Thursday morning a “next-generation premium global robotaxi program” exclusively for the Uber platform.

Uber already works with players like Waymo, Volkswagen, and Baidu in different markets. The Lucid partnership is set apart by Uber's significant financial investment, a sign that it sees meaningful strategic value.

Waymo more than doubled its robotaxi service area in Austin just days after Tesla showed off a phallic-shaped service area expansion in the city.

“With recent growth in Austin and California, plus opening in Atlanta with Uber, Waymo now serves more than 700 sq mi across the US,” the company said. According to Waymo, it has driven over 100 million fully autonomous miles without a human behind the wheel.

Ross Gerber is pushing back against a partnership between rideshare service Uber Technologies Inc. and automaker Lucid Group Inc.

Tesla started a dick measuring contest with Waymo, and it is losing. The Alphabet company is expanding its service

If you want to boost your chances of being paired with a Waymo vehicle, you can opt in by going to the Uber app, tapping Account > Settings > Autonomous vehicles (under Ride Preferences), and then hitting the toggle next to Get more Waymo rides.