Lucid Motors has secured a $1.75 billion investment from a Saudi backer, giving the electric‑vehicle maker a new financial lifeline. The infusion extends the company’s runway through late 2027, allowing it to continue developing and producing its luxury EVs. The deal underscores the growing interest from Middle Eastern investors in the electric‑vehicle sector and provides Lucid with additional capital to scale production and support its long‑term growth strategy.
Lucid secures $1.75B lifeline from Saudi backer as EV maker extends runway to late 2027 The Business Journals
