Uber Technologies Inc. is teaming up with electric vehicle maker Lucid Group Inc. and self-driving tech startup Nuro to launch a robotaxi fleet.

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.

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