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.
On December 31, 2009 Lucid Motors completed their series B funding round with $7.1 million in funding from China Environment Fund and Venrock.
In January 2011 Lucid Motors completed their series C funding round with $24 million in funding from Mitsui & Co. and JAFCO.
On May 21, 2014 Lucid Motors completed a venture capital round with $100 million in funding from undisclosed investors.
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.
Lucid Motors announces it will begin producing Air electric vehicles for customers in early 2021.
Lucid Motors raises a $1,000,000,000 series D round from Saudi Arabia's Public Investment Fund.
Lucid Motors secures $1 billion in funding from Saudi Arabia's sovereign wealth fund.
Lucid Motors raises a $24,000,000 series C round from JAFCO Co. and Mitsui & Co..
Brandon Q. Parker
J Daniel Rainey
Nemo Ding Jin