Lucid Motors Raises $2.5 billion Series F
Lucid Motors has raised $2,500M in Series F funding led by Various, with participation from Public Investment Fund (Saudi Arabia). Scale Lucid Air production to 20,000/year and launch Gravity SUV. The funds will be used to Scale Lucid Air production to 20,000/year and launch Gravity SUV.
What it does
Scale Lucid Air production to 20,000/year and launch Gravity SUV. This addresses lucid (LCID) aims for ‘the heart of the market’ with three new EVs priced around $50,000.
Traction
GM sees new vehicles and improving EV profitability driving continued growth The company is using its latest financing to scale, with the Series F round serving as the clearest current traction signal in the source bundle.
Trend impact
Lucid (LCID) aims for ‘the heart of the market’ with three new EVs priced around $50,000 As adoption in Mobility & Transportation expands, focused products from Lucid Motors can pressure incumbents or broader platforms that do not address the same problem directly.
Funding history
- June 1, 2021 · Series F · $2.5 billion · Public Investment Fund (Saudi Arabia)
Products & services
- Hot, New Electric Cars That Are Coming Soon - Consumer Reports. Hot, capability
- New Electric Cars That Are Coming Soon - Consumer Reports capability
- Consumer Reports 16 Range-Extender capability
- TopElectricSUV. 16 Range-Extender capability
- TopElectricSUV capability