Golden Recursion Inc. logoGolden Recursion Inc. logo
Advanced Search
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

Patents

Further Resources

Title
Author
Link
Type
Date

Testing Without Limits: Lucid Air Hits 235 mph

Web

July 10, 2017

News

Title
Author
Date
Publisher
Description
Peter Eavis and Neal E. Boudette
October 2, 2021
www.nytimes.com
The company, which is backed by Amazon and Ford, is seeking to sell shares in one of the biggest initial public offerings of the year.
Niraj Chokshi
September 16, 2021
www.nytimes.com
Tesla, which makes about two-thirds of electric vehicles sold in the United States, has long produced the cars with the best range.
Niraj Chokshi
September 16, 2021
www.nytimes.com
Tesla, which makes about two-thirds of electric vehicles sold in the United States, has long produced the cars with the best range.
Kirsten Korosec
July 26, 2021
TechCrunch
The Station is a weekly newsletter dedicated to all things transportation. Sign up here -- just click The Station -- to receive it every Sunday in your inbox. Hello frens and readers. Welcome to The Station, your central hub for all past, present and future means of moving people and packages from Point A to Point [...]
Aria Alamalhodaei
July 26, 2021
TechCrunch
The former Lucid Motors will expand its factory in Casa Grande, Arizona, by 2.7 million square feet and aims to ultimately produce 400,000 vehicles a year.
SHOW MORE

References

Golden logo
By using this site, you agree to our Terms & Conditions.