Uber will be investing $300 million into Lucid to help the company build a fleet of 20,000 (or more) robotaxis over the next six years. Nuro, another Uber partner, will be developing the autonomous driving technology integrated into Lucid's robotaxi fleet.

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

Key Takeaways Lucid shares jumped 36% Thursday on news the EV startup is partnering with self-driving software maker Nuro and rideshare giant Uber Technologies to bring a new group of robotaxis to Uber's platform.