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A little bird
Image Credits:Bryce Durbin
If it wasn’t obvious before, it is now. Uber wants a big piece of the autonomous vehicle technology pie. The ride-hailing company has spent the past two years locking in partnerships with just about every AV company you can think of, and across every sector, including delivery, robotaxis, and trucks.
And yet, I wasn’t totally prepared for the amount of money Uber invested in its latest tie-up with EV maker Lucid and AV startup Nuro. Click here to read my article on the partnership agreement and Uber’s plans for a premium robotaxi service.
We’re here in the “Little bird” section because I’ve learned something new, and welp, I wanted to share it with subscribers first.
As a publicly traded company, Lucid had to disclose that Uber invested $300 million into the company. But Uber didn’t have to share what it invested into Nuro, saying only that it was a multi-hundred-million-dollar figure. One source with direct knowledge told me it was more than Lucid’s $300 million. Since the article was published, I’ve had some little birds fly in to tell me it was around $400 million.
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Deals!
Image Credits:Bryce Durbin
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