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Lucid plans $3 billion funding raise led mainly by Saudi PIF

Electric-vehicle maker Lucid is set to raise $3 billion, with most of the funding expected from Saudi Arabia’s Public Investment Fund. The transaction would provide substantial new capital to the company.

By DoomRadar · Published on DoomRadar .

Why it matters

The raise highlights Lucid’s dependence on major sovereign financing and could affect the company’s market position.

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  1. EV maker Lucid is set to raise $3 billion from a mainly Saudi PIF ↗southerngazette.ca · Recorded source date: Sep 13, 2026, 2:31 PM UTC

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