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

Uber (UBER) is betting big on robotaxis, with pure-play electric vehicle maker Lucid (LCID) as its partner. The two companies, along with autonomous tech firm Nuro (NURO.PVT), announced on Thursday morning a “next-generation premium global robotaxi program” exclusively for the Uber platform.

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.

“With recent growth in Austin and California, plus opening in Atlanta with Uber, Waymo now serves more than 700 sq mi across the US,” the company said. According to Waymo, it has driven over 100 million fully autonomous miles without a human behind the wheel.

Riders can hail a Waymo across 90 square miles of Austin, including neighborhoods like Crestview, Windsor Park and Franklin Park and locations like The Domain and McKinney Falls State Park.

Lucid Group's stock soared 36% on 17 July, closing at £2.32 ($3.12), following a landmark partnership with Uber and Nuro to deploy 20,000 autonomous robotaxis. This move positions Lucid to challenge Tesla and Waymo in the intensifying robotaxi market.

Uber collaborates with Lucid and Nuro to launch a fleet of 20,000 autonomous robotaxis by 2025, aiming to compete with Waymo and Tesla in the US market.

Waymo robotaxis are now available exclusively on the Uber app in Atlanta. It’s the second city after Austin host the companies’ burgeoning partnership.

Waymo more than doubled its robotaxi service area in Austin just days after Tesla showed off a phallic-shaped service area expansion in the city.

Tesla started a dick measuring contest with Waymo, and it is losing. The Alphabet company is expanding its service

Uber just announced a deal today with the company that runs one of the largest robotaxi fleets in China, as the ridehail giant nears its goal of becoming the world’s ultimate autonomous vehicle clearinghouse.

Waymo currently operates fully autonomous robotaxi services in Phoenix, San Francisco, Los Angeles, and Austin.