Uber is investing hundreds of millions of dollars into Lucid and autonomous vehicle technology startup Nuro in a bid to launch its own robotaxi service.

"We're thrilled to partner with Nuro and Lucid on this new robotaxi program, purpose-built just for the Uber platform, to safely bring the magic of autonomous driving to more people across the world," Uber CEO Dara Khosrowshahi said in a statement.

Under the new deal, Uber said it will be making "multi-hundred-million-dollar investments" in both Lucid and Nuro. Uber already has partnerships with 18 autonomous vehicle compani