Lucid Announces Robotaxi Deal with Bolt for Deployment in Europe
Lucid Group has announced a partnership with Estonia-based mobility company Bolt to supply 25,000 vehicles for an autonomous ride-hailing service across Europe. The robotaxis will be based on Lucid’s upcoming midsized Cosmos vehicle and feature Level 4 autonomy capabilities. This marks the second major robotaxi deal for Lucid following its agreement with Uber and Nuro in the U.S., where it plans to deploy 20,000 vehicles. The partnership is seen as a strategic move by Lucid amid ongoing financial challenges and market pressures. The company has been burning through cash while trying to scale production of its electric vehicles (EVs). These large-scale vehicle commitments could provide the necessary revenue stream for long-term stability and growth in the autonomous mobility sector.
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