Lucid Motors
Lucid Motors raises $3B PIPE at $24B valuation
Quick Facts
Lucid Motors: PIPE Funding Round
Lucid Motors has successfully raised $3B in PIPE funding, reaching a valuation of $24B.
Company Overview
Electric vehicle manufacturer
Funding Details
The PIPE round was led by Public Investment Fund of Saudi Arabia, with participation from BlackRock, Fidelity.
Company Information
- Headquarters: 7373 Gateway Boulevard, Newark, CA 94560
- Founded: 2007
- Employees: 7000+
- Category: Automotive
Investment
Lucid Motors plans to use the funds to accelerate product development, expand its team, and scale operations globally.
About the Investors
- Public Investment Fund of Saudi Arabia: Verified investor in PIPE
- BlackRock: Verified investor in PIPE
- Fidelity: Verified investor in PIPE
Key Investors
About the Author
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