🚘Lucid Motors Names New CEO and Secures 750 Million from Uber and Saudi PIF
Lucid Motors Names New CEO and Secures 750 Million from Ube…
TL;DR
Lucid Motors appointed Silvio Napoli as CEO and secured 750 million in fresh funding.
Lucid Motors appointed Silvio Napoli as CEO and secured 750 million in fresh funding. Uber invested 200 million and expanded its Gravity SUV order from 20000 to 35000 units for robotaxi operations. Saudi PIF committed an additional 550 million.
Key Points
Silvio Napoli appointed CEO from Schindler Group
Uber increases investment by 200M and order to 35000 Gravity SUVs
Saudi PIF commits additional 550M in shares
Why It Matters
Uber expanding its robotaxi fleet order signals autonomous ride-hailing is entering a fleet procurement phase, with EV makers becoming key ecosystem partners.
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