Lucid Motors

Lucid Motors

An electric vehicle technology company making luxury electric vehicles.

Lucid motors, formerly known as Atieva, is an electric vehicle technology company making luxury electric vehicles that is headquartered in Newark, California and was founded in 2007 by Bernard Tse and Sam Weng.

Funding

Series B

On December 31, 2009 Lucid Motors completed their series B funding round with $7.1 million in funding from China Environment Fund and Venrock.

Series C

In January 2011 Lucid Motors completed their series C funding round with $24 million in funding from Mitsui & Co. and JAFCO.

Venture

On May 21, 2014 Lucid Motors completed a venture capital round with $100 million in funding from undisclosed investors.

Series D

On September 17, 2018 Lucid Motors completed their series D funding round with $1 billion in funding from the Saudi Arabia's Public Investment Fund. The company plans on using their series D funding to build an electric vehicle factory in Arizona. Lucid Motors made the following public comment regarding their series D funding:

The transaction represents a major milestone for Lucid and will provide the company with the necessary funding to commercially launch its first electric vehicle, the Lucid Air, in 2020.

Timeline

June 17, 2020

Lucid Motors announces it will begin producing Air electric vehicles for customers in early 2021.

September 17, 2018

Lucid Motors raises a $1,000,000,000 series D round from Saudi Arabia's Public Investment Fund.

2018

Lucid Motors secures $1 billion in funding from Saudi Arabia's sovereign wealth fund.

January 2011

Lucid Motors raises a $24,000,000 series C round from JAFCO Co. and Mitsui & Co..

Funding rounds

Funding round
Funding type
Funding round amount (USD)
Funding round date
Investment
4 Results
Page 1 of 1
Results per page:
Powered by Golden Research Engine

People

Name
Role
LinkedIn

Anna Lukibanova

Employee

Brandon Q. Parker

Employee

Guy Macliver

Employee

Hubert Tymosiak

Employee

J Daniel Rainey

Employee

Joseph Efron

Employee

Maya Walker

Founder

Megha Agrawal

Employee

Nemo Ding Jin

Employee

Peter Hasenkamp

Employee

Prateek Khatri

Employee

Robert Gehring

Employee

Scott Wathen

Employee

Steve Goldberg

Employee

Treyvion Foster

Employee

Further reading

Title
Author
Link
Type
Date

Testing Without Limits: Lucid Air Hits 235 mph

Web

July 10, 2017

Documentaries, videos and podcasts

Title
Date
Link

Companies

Company
CEO
Location
Products/Services

News

Title
Author
Date
Publisher
Description
Kirsten Korosec
August 11, 2020
TechCrunch
Lucid Motors said Tuesday that its upcoming all-electric luxury sedan can travel 517 miles on a single charge -- a range that, if validated by the U.S. EPA, blows past every other EV on the road today including Tesla. The estimated EPA range was released ahead of the September 9 reveal of the Lucid Air. [...]
Kirsten Korosec
July 28, 2020
TechCrunch
Lucid Motors is loading up its first electric vehicle with hardware -- dozens of sensors, a driver monitoring system and an Ethernet-based architecture -- for an advanced driver assistance system that aims to match and even surpass its rivals. There will be 32 sensors in all, according to Lucid, which has branded its advanced driver [...]
Kirsten Korosec
June 17, 2020
TechCrunch
Lucid Motors will begin producing its luxury electric vehicle for customers at its new Arizona factory in early 2021, about three months later than expected due to a slowdown caused by COVID-19. The company, which plans to unveil a production version of the Lucid Air in an online event scheduled for September 9, said construction [...]
Kirsten Korosec
April 14, 2020
TechCrunch
Four months after breaking ground, the Lucid Motors factory in Arizona sits -- its new roof and sign emblazoned on its side-- waiting for construction to resume. The electric vehicle company released Tuesday new photos of the factory located off Interstate 10 between Phoenix and Tucson. Construction was "well ahead of schedule" when Gov. Doug [...]
Reuters Editorial
February 24, 2020
U.S.
South Korea&#039;s LG Chem Ltd <051910.KS> said on Tuesday it will exclusively supply electric vehicle (EV) batteries to U.S. electric carmaker Lucid Motors, which plans to start production of its Lucid Air sedan later this year.
Shawn Knight
January 15, 2020
TechSpot
Lucid was founded in 2007 as Atieva, focusing primarily on building powertrains and batteries for other electric vehicle makers. In late 2016, the company rebranded as Lucid and set about developing its own EV. As Faraday Future's outlook started to...
Matt Burns
December 2, 2019
TechCrunch
Lucid Motors today is breaking ground on its manufacturing facility. Located in Casa Grande, Ariz., the factory will be used to build the Lucid Motor Lucid Air electric sedan. According to the company, production will begin in late 2020. This groundbreaking is the latest step taken by Lucid Motor toward getting the Lucid Air on [...]
Sean O'Kane
September 27, 2019
The Verge
The Saudi-backed startup is expected to break ground this year on the site in Casa Grande, Arizona where it will build the all-electric Lucid Air sedan.
Reuters Editorial
April 23, 2019
U.S.
Electric carmaker Lucid Motors on Tuesday named Peter Rawlinson, former chief engineer of Tesla Inc's Model S, as its chief executive officer, effective immediately.

References

Golden logo
Text is available under the Creative Commons Attribution-ShareAlike 4.0; additional terms apply. By using this site, you agree to our Terms & Conditions.