Uber Technologies, Inc. (NYSE: UBER) is one of the best falling stocks to invest in, according to analysts. On June 17, Uber Technologies, Inc. (NYSE:UBER) and its strategic partner Lucid announced Houston as the second market for the planned expansion of their autonomous ride-hailing service.
Photo by Paul Hanaoka on Unsplash
The launch of the robotaxi service in Texas is slated for mid-2027, with dozens of more cities in the pipeline. The expansion into Houston follows the establishment of a base in the San Francisco Bay area, where Uber is poised to launch commercially later this year. Autonomous testing on the road is already underway in Houston.
Uber boasts of a massive robotaxi engineering fleet spanning 100 vehicles across California and Texas. The ride-hailing giant has also secured a 50,000-square-foot facility in Houston to serve as the program’s operational depot for charging, maintenance, repairs, and cleaning.
The announcement comes on the heels of Lucid securing $750 million in fresh capital, comprising $550 million from Saudi Arabia’s Public Investment Fund (PIF) and $200 million from an Uber subsidiary.
Uber Technologies, Inc. (NYSE:UBER) is a global technology platform that connects users with independent drivers and local merchants. Through its mobile application, the company primarily facilitates ride-hailing (on-demand or reserved transport) and deliveries (such as food, groceries, and packages.
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