Uber (UBER) now owns 11.5% of Lucid (LCID): it gets interesting

A new SEC filing reveals that Uber Technologies has become a major shareholder of Lucid Group, holding 37.7 million shares of Class A common stock — an 11.5% ownership stake that makes the ride-hailing giant one of Lucid’s largest investors outside the Saudi Public Investment Fund.

The filing, a Form 3 submitted to the SEC on April 20 with an event date of April 14, confirms that Uber has crossed the 10% ownership threshold after pouring a total of $500 million into the struggling EV maker as part of their expanding robotaxi partnership.

From $300M to $500M — and 11.5% of the company

Uber’s stake in Lucid has been building in stages. The ride-hailing company first announced a $300 million investment alongside a commitment for 20,000 Lucid Gravity robotaxis in July 2025. That initial investment closed in September 2025 and gave Uber a significant but undisclosed position in Lucid’s share register.

Then on April 14, 2026, Uber committed an additional $200 million, bringing its total investment to $500 million. The same announcement expanded the robotaxi vehicle commitment from 20,000 to at least 35,000 Lucid vehicles — a 75% increase in the fleet commitment.