Lucid Group receives $1.05 billion in fresh capital from Uber and Saudi investment fund
Lucid Group Inc (NASDAQ:LCID) shares rose 10.3% after Uber Technologies invested an additional $200 million, bringing its total investment to $500 million. The company also secured $550 million from Ayar Third Investment Company, an affiliate of Saudi Arabia’s Public Investment Fund, and raised $300 million through a public offering, totaling $1.05 billion in new capital.
Topics: capital raising Lucid Group stock price movement takeover speculation Uber investment