Total amount raised
$11.9 Billions
Latest funding date
10/01/2024
Location
Lucid Motors has made significant strides in the electric vehicle market, focusing on the design, manufacture, and sale of luxury electric vehicles. The company's flagship models, Lucid Air and Lucid Gravity, highlight their commitment to innovation and sustainability.
Keep reading to explore the intricacies of Lucid Motors' fundraising journey and the investors backing this innovative platform.
What Is Lucid Motors?
Lucid Motors is an American electric vehicle manufacturer specializing in luxury EVs. The company designs its vehicles in California and assembles them in America, focusing on innovation, performance, and efficiency.
Lucid Motors offers models like the Lucid Air and Lucid Gravity, known for their impressive range and advanced technology. The company aims to revolutionize the EV industry with meticulously engineered vehicles that provide a superior driving experience.
How Much Funding Has Lucid Motors Raised?
- Amount Raised: $2.5B
- Date: July 2021
- Lead Investors: -
- Amount Raised: $1B
- Date: June 2022
- Lead Investors: -
- Amount Raised: $600M
- Date: November 2022
- Lead Investors: -
- Amount Raised: $915M
- Date: November 2022
- Lead Investors: Saudi Arabia's Public Investment Fund
- Amount Raised: $3B
- Date: May 2023
- Lead Investors: -
- Amount Raised: $6M
- Date: February 2024
- Lead Investors: The Michigan Economic Development Corporation
- Amount Raised: $1B
- Date: March 2024
- Lead Investors: Ayar Third Investment Company
- Amount Raised: $750M
- Date: August 2024
- Lead Investors: Ayar Third Investment Company
- Amount Raised: $750M
- Date: August 2024
- Lead Investors: Ayar Third Investment Company
- Amount Raised: -
- Date: October 2024
- Lead Investors: -
Lucid Motors has raised a total of $10.521B in funding.
Key Investors
- Ayar Third Investment Company
- Details: Ayar Third Investment Company is a significant investor in Lucid Motors, participating in multiple funding rounds. They are known for their strategic investments in high-growth sectors.
- Investment Focus Areas: Technology, automotive, renewable energy
- Notable Investments: Lucid Motors, Tesla, Rivian
- Saudi Arabia's Public Investment Fund
- Details: The Public Investment Fund (PIF) of Saudi Arabia is one of the largest sovereign wealth funds in the world. They have invested heavily in Lucid Motors to diversify their investment portfolio and support the global shift towards electric vehicles.
- Investment Focus Areas: Energy, technology, infrastructure
- Notable Investments: Uber, SoftBank Vision Fund, Jio Platforms
- The Michigan Economic Development Corporation
- Details: The Michigan Economic Development Corporation (MEDC) is a public-private partnership agency in Michigan. They focus on job creation and economic growth within the state.
- Investment Focus Areas: Economic development, job creation, business growth
- Notable Investments: Local Michigan businesses, infrastructure projects, technology startups
- Undisclosed Investors
- Details: Several investors have participated in Lucid Motors' funding rounds but have chosen to remain anonymous. These investors contribute to the company's financial stability and growth.
- Investment Focus Areas: Not publicly disclosed
- Notable Investments: Not publicly disclosed
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