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Saudi Arabia’s PIF backed Lucid Motors and US robotics firm Nuro have partnered with Uber to launch a next generation autonomous robotaxi program by late 2026.
Saudi Arabia’s Lucid Air Grand Touring has set a new Guinness World Record by driving 1,205 kilometers on a single charge.
Uber has become the Saudi PIF’s largest US equity holding by market value at $5.31 billion, surpassing Lucid, the electric vehicle manufacturer.
Lucid Motors has manufactured 800 electric vehicles in Saudi Arabia at its first international plant, which opened in September 2023.
Riyadh Air, Saudi Arabia’s newest airline which is fully owned by the Public Investment Fund, has partnered with Lucid Motors.
The partnership emphasizes their shared commitment to innovation and sustainability in the fields of aviation and electric vehicle production.
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