Cleantech & EV'sNews

Lucid raises $3B from Saudi Arabia's PIF and stock sale

EV startup Lucid (LCID) revealed it is raising roughly $3 billion through a public stock sale and new investment from its majority stockholder, Saudi Arabia’s Public Investment Fund (PIF). Lucid raises $3 billion via stock sale Lucid, like most EV startups, is struggling with rising input costs as it works to ramp production. To make matters worse, falling valuations are making it harder to…
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