Lucid Group
Newark, California, United States · Automotive, Electric Vehicle, Energy
Lucid's mission is to inspire the adoption of sustainable energy by creating advanced technologies and the most captivating luxury electric vehicles centered around the human experience. The Company's first car, Lucid Air, is a state-of-the-art luxury sedan with a California-inspired design that features luxurious full-size interior space in a mid-size exterior footprint. The Lucid Air Grand Touri
Key facts
- Headquarters
- Newark, California, United States
- Employees
- 6,800
- Industries
- Automotive, Electric Vehicle, Energy
- Status
- Public (LCID)
- Website
- lucidgroup.com
- Company page
Recent activity at Lucid Group
- : SEC 8-K (2.03): On October 6, 2026, Lucid Group, Inc. drew $400 million under its Delayed Draw Term Loan (DDTL) facilities with Ayar Third Investment Company, an affiliate of the Public Investment Fund. This borrowing increases the total principal amount outstanding under the DDTL to approximately $2.1 billion, leaving around $400 million in additional borrowing capacity. The loans align with Lucid's strategic financing efforts to bolster its operations and growth initiatives. The key terms of the DDTL have been previously detailed in Form 8-K filings from August 2024, November 2025, and April 2026.
- : SEC 8-K (5.02):
- : Lucid Motors Forms Partnership with Emil Frey to Launch in France.
- : SEC 8-K (2.03): On August 24, 2026, Lucid Group, Inc. created a direct financial obligation by drawing $400 million from its Delayed Draw Term Loan (DDTL) facilities under an existing agreement with Ayar Third Investment Company, an affiliate of the Public Investment Fund. This additional draw brings the total outstanding principal under the DDTL to $1.7 billion, with a remaining borrowing capacity of approximately $800 million. This financial action follows prior draws of $500 million in April 2026 and $800 million in July 2026, signaling ongoing financial support for the company's strategic initiatives. Key implications of this borrowing include enhanced liquidity for operations and investment opportunities in the growing electric vehicle market.
- : Lucid Group Secures $400 Million Through Delayed Draw Term Loan
- : Lucid Group Partners with Munsterhuis Autobedrijven to Enhance Retail Presence in the Netherlands.
- : SEC 8-K (8.01): On August 12, 2026, Lucid Group, Inc. registered for resale up to 55,000 shares of Series C Convertible Preferred Stock issued to Ayar Third Investment Company and 51,651,489 shares of Class A Common Stock that may be issued upon conversion of the preferred shares as of June 30, 2026. Additionally, 24,038,462 shares of Common Stock were registered, issued to SMB Holding Corporation, a subsidiary of Uber Technologies, Inc., in a private placement. This registration statement accompanies a subscription agreement dated April 14, 2026, with both Ayar and SMB. The company has also issued a press release announcing this registration, emphasizing its strategic efforts to enhance capital structure and liquidity.
- : SEC 8-K (7.01):
- : SEC 8-K (5.02): On July 1, 2026, the Company appointed Alexander De Bock as its new Chief Financial Officer. Mr. De Bock is set to begin his role in the coming weeks, reporting directly to CEO Silvio Napoli. The current CFO, Taoufiq Boussaid, will transition out after the Company's Q2 2026 earnings, with no disagreements cited regarding his departure. Mr. De Bock comes with extensive experience, having previously served as CFO for Metalsa and TI Automotive among others. His compensation includes a base salary of $750,000 and a potential incentive bonus of 150% of his salary, alongside a cash signing bonus of $1.1 million, contingent on performance metrics for 2026.
- : SEC 8-K (5.02): On June 22, 2026, the Company announced the immediate departure of Marc Winterhoff, the Chief Operating Officer, following the elimination of the COO position. Mr. Winterhoff will be eligible for severance benefits under the Company’s Executive Severance Plan, which is subject to specified terms and conditions. Additionally, the Company will provide him with continued security support and allow him to retain his company vehicle. This change is significant as it restructures the Company's leadership and may impact operational efficiency and strategy moving forward.
Lucid Group funding history
| Date | Round | Amount |
|---|---|---|
| Aug 2026 | Debt Financing | $400.0M |
| May 2026 | Series C | $550.0M |
| Apr 2026 | Venture | $1.1B |
| Sep 2025 | Funding Round | $300.0M |
| Aug 2024 | Convertible Note | $1.5B |
Leadership
- Peter Rawlinson, CEO & CTO
- Sherry House, CFO
- Silvio Napoli, Chief Executive Officer
- Peter Rawlinson
- Erika Grenier, Talent Acquisition Leader
- Peter Rawlinson
- Erika Grenier, Talent Acquisition Leader
- Silvio Napoli, Chief Executive Officer
- Neil Marsons, Senior Vice President of Supply Chain
- Erwin Raphael, Senior Vice President
- Emad Dlala, Senior Vice President
- Marnie Levergood, Senior Vice President
Verified email and direct lines for Lucid Group’s decision-makers are on Fundz. See plans — or book a 15-minute walkthrough.
Employee benefit plans
Lucid Group files 1 employee benefit plan with the U.S. Department of Labor. The next plan year renews in Dec 2026.
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About Lucid Group: questions and answers
What does Lucid Group do?
Lucid's mission is to inspire the adoption of sustainable energy by creating advanced technologies and the most captivating luxury electric vehicles centered around the human experience. The Company's first car, Lucid Air, is a state-of-the-art luxury sedan with a California-inspired design that features luxurious full-size interior space in a mid-size exterior footprint. The Lucid Air Grand Touri
Where is Lucid Group headquartered?
Lucid Group is headquartered in Newark, California, United States.
How many employees does Lucid Group have?
Lucid Group has about 6,800 employees.
Has Lucid Group raised funding?
Yes. Fundz has recorded 5 funding events for Lucid Group. The most recent, Debt Financing of $400.0M, was in Aug 2026.
Who leads Lucid Group?
Peter Rawlinson is a CEO & CTO at Lucid Group.
What is the latest news on Lucid Group?
On Oct 06, 2026, SEC 8-K (2.03): On October 6, 2026, Lucid Group, Inc. drew $400 million under its Delayed Draw Term Loan (DDTL) facilities with Ayar Third Investment Company, an affiliate of the Public Investment Fund. This borrowing increases the total principal amount outstanding under the DDTL to approximately $
Is Lucid Group a public company?
Yes. Lucid Group is publicly traded under the ticker LCID.
Source: Fundz records from SEC filings, press releases and company announcements. How Fundz measures data accuracy