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
6,800–7,700
Total Funding
$1.13B
4 rounds
Total raised $1.13B across 4 rounds
Funding data and valuation marks are estimates and may be incomplete, stale, erroneous, or revised.
Last updated 06-25-2026
Latest Round
Type
Series D
Date
September 17, 2018
Amount
$1B
Valuation
—
Lead Investors
| Date | Round | Amount Raised | Valuation | Lead Investors |
|---|---|---|---|---|
| September 17, 2018 | Series D | $1B | — | Public Investment Fund of Saudi Arabia |
| May 21, 2014 | Venture round | $100M | — | Not disclosed |
| January 2011 | Series C | $24M | — | Not disclosed |
Silvio Napoli
Chief Executive Officer
Marc Winterhoff
Chief Operating Officer (former Interim CEO)
Taoufiq Boussaid
Chief Financial Officer
Derek Jenkins
Senior Vice President, Design and Brand
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 July 26, 2021, following its merger with SPAC Churchill Capital Corp IV at an implied pro forma equity valuation of approximately $24 billion. As of 2026, Saudi Arabia's Public Investment Fund (PIF), through its affiliate Ayar Third Investment Company, holds approximately 56.85% beneficial ownership, making Lucid a majority PIF-owned public company. The company continues to access capital markets via additional preferred stock issuances and public offerings, with the most recent ~$1.05B raise completed April 2026 in partnership with PIF and Uber.
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 $1.13B across 4 disclosed funding rounds prior to its public listing.
Lucid Motors is headquartered in Newark, California, United States.
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