Lucid Group, Inc. (Nasdaq: LCID), commonly known as Lucid Motors, is an American electric vehicle manufacturer headquartered in Newark, California. Originally founded in 2007 as Atieva to develop battery technology and electric powertrains, the company pivoted to building full luxury electric vehicles after Peter Rawlinson, formerly the chief engineer of the Tesla Model S, joined as CTO in 2013. It rebranded to Lucid Motors in October 2016 and unveiled its first prototype, the Lucid Air sedan, in December of that year. Lucid manufactures vehicles at its AMP-1 plant in Casa Grande, Arizona, with current products including the Lucid Air luxury sedan and the Lucid Gravity SUV. The company went public in July 2021 via a SPAC merger with Churchill Capital Corp IV and is majority-owned (approximately 57%) by Saudi Arabia's Public Investment Fund (PIF) through its affiliate Ayar Third Investment Company. Lucid has also expanded into robotaxi partnerships, notably with Uber.
Lucid Motors is publicly traded
This company is no longer available on our private secondary market. Shares can be traded publicly under its listed ticker.
Company data and valuation marks are estimates and may be incomplete, stale, erroneous, or revised.
Founded
2007
Employees
5,001–10,000
Total Funding
$5.43B
8 rounds
Announced an Operational Reset with Q2 2026 results: $1.4B of targeted 2026 cash improvements, halved CEO direct reports, AMP-2 moving to industrialization
Cost reset plus $3.0B liquidity extends runway into 2027, easing near-term financing pressure
Raised ~$1.05B via $300M stock offering, $550M PIF convertible preferred, $200M incremental Uber investment
Fresh capital eases near-term liquidity pressure, modestly supportive for secondary pricing
Named Silvio Napoli (ex-Schindler CEO) as incoming CEO, succeeding interim CEO Marc Winterhoff
Leadership transition reduces governance uncertainty after founder's 2025 abrupt exit
Funding data and valuation marks are estimates and may be incomplete, stale, erroneous, or revised.
Total raised $5.43B across 8 rounds
Last updated 09-24-2026
| Date | Round | Amount Raised | Valuation | Lead Investors |
|---|---|---|---|---|
| Feb 22, 2021 | PIPE | $2.5B | $24B | BlackRock, Fidelity, Franklin Templeton +1 more |
| Feb 2021 | Series E Extension | $600M | — | Ayar Third Investment Company (Public Investment Fund) |
| Sep 2020 | Series E | $900M | — | Ayar Third Investment Company (Public Investment Fund) |
Silvio Napoli
Chief Executive Officer
Alexander De Bock
Chief Financial Officer
Raja Macha
Chief Technology Officer
Kay Stepper
President, Lucid Technologies and Chief Digital Officer
Hugo Martinho
Chief Transformation Officer
Billy Hayes
Chief Customer Officer
Derek Jenkins
Chief Creative Officer
Adrian Price
Chief Manufacturing Officer
Neil Marsons
Chief Supply Chain Officer
Marnie Levergood
Chief Quality Officer
Gale Halsey
Chief People Officer
Brian K. Tomkiel
Chief Legal Officer & General Counsel
Nick Twork
Chief Communications Officer
Jessica Nigro
Chief Policy Officer
Christian Appel
Vice President, Program Management
Faisal Sultan
President of Middle East
Lawrence Hamilton
President of Europe
Competitor list is illustrative and may be incomplete, stale, or erroneous.
Tesla
Largest US-based pure-play electric vehicle manufacturer; Model S and Model X compete directly with Lucid Air and Gravity in the premium EV segment.
Rivian
American EV maker focused on adventure-oriented electric trucks and SUVs (R1T/R1S); Lucid's closest US-listed pure-play EV peer and a direct rival to the Lucid Gravity SUV.
Polestar
Swedish premium electric performance brand (majority owned by Geely); the Polestar 3 competes with the Lucid Gravity in the luxury electric SUV segment.
Mercedes-Benz EQ
Premium German automaker's EV lineup (EQS, EQE); the EQS sedan and SUV are direct competitors to the Lucid Air in the luxury electric segment.
BMW i
BMW's EV sub-brand offering vehicles such as the i7 and iX, competing with Lucid's luxury sedan and SUV positioning.
NIO
Chinese premium EV manufacturer with global ambitions, producing luxury electric sedans and SUVs that compete with Lucid in international markets.
Lucid Group has been publicly traded on the Nasdaq under the ticker LCID since 26 July 2021, following its merger with SPAC Churchill Capital Corp IV at an implied pro forma equity valuation of approximately $24 billion. Saudi Arabia's Public Investment Fund, through its affiliate Ayar Third Investment Company, remains the majority holder at roughly 57%, and has continued to fund the company through the public markets rather than through private rounds: a $550 million convertible preferred placement and a $300 million registered common stock offering in April 2026, and a further ~$800 million drawn on a PIF delayed-draw term loan in July 2026. On 4 August 2026 new chief executive Silvio Napoli announced an operational reset alongside second-quarter results, targeting $1.4 billion of 2026 cash improvements and reporting $3.0 billion of total liquidity and a runway into 2027.
Lucid Motors shares can be purchased through any standard brokerage account — including Fidelity, Charles Schwab, TD Ameritrade, and online platforms like Robinhood or E*TRADE. Search for the ticker to place an order.
Lucid Motors raised $5.43B across 8 disclosed funding rounds prior to its public listing.
Lucid Motors is headquartered in Newark, California, United States.
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