Funding Secured for Lucid Motors from Saudi Sovereign Wealth Fund

Posted on 09/17/2018


Funding secured for Silicon Valley-based Lucid Motors Inc. (formerly known as Atieva), as the electric automobile startup raised money from Saudi Arabia’s sovereign wealth fund. The Public Investment Fund (PIF) signed a deal to agree to invest more than US$ 1 billion in Lucid Motors, a potential rival against Tesla Inc. Lucid Motors is working […]