Lucid Secures $1.05 Billion in Capital and Expands Partnership with Uber

Lucid Group (LCID) announced raising $1.05 billion in capital through a public offering and additional investments, including a $500 million commitment from Uber. The company also announced a leadership change with Silvio Napoli becoming CEO. The funding is expected to support its electric vehicle development and robotaxi service expansion.

By Jeff Lewis Thu, April 16, 2026 at 9:51 PM GMT+3 2 min read · Yahoo Finance · April 16, 2026, 18:51 UTC

Tickers: $LCID $UBER

Topics: capital raising CEO change investment commitment Lucid Group Uber partnership

Read the full article at Yahoo Finance

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