Lucid Motors Raises $3 billion Series F

Lucid Motors has raised $3B 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

Various, alongside Public Investment Fund (Saudi Arabia) participated in the latest tracked round; deeper traction analysis is held until source support is strong enough.

Trend impact

MD-grade thesis held: available source material is not specific enough to support a non-generic investor-economist read without overclaiming.

Funding history

• Recent · Series F · $3 billion · Various, alongside 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