Lucid Motors (Convertible Preferred Stock and Credit Line)
Funding Details
Awarder
RSS - techfundingnews.com
Date Award
August 7, 2024
Vertical
Electric Vehicles
Funding URL
View Funding Page
Funding Amount
$1,500,000
Company Info
Traction
Lucid Motors delivered a record 2,394 vehicles in Q2 2024, beating market expectations, and generated $200 million in revenue despite reporting a loss of $643 million.
Revenue Amount
$200,000,000
Organizations Involved
Saudi Arabia’s Public Investment Fund (PIF)
Founders
Peter Rawlinson
Market
Luxury Automotive
Location
US
Coinvestors
Saudi Arabia’s Public Investment Fund (PIF)
Company Description

Lucid Motors focuses on producing luxury electric vehicles, aiming to drive down costs and make electric vehicles more accessible while managing growth and investments strategically. The company is known for its technical advancements and has a robust financial position.

Links
Website
Back to HomeBack to Electric Vehicles DealsView Funding Announcement