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Lucid Group Secures $400 Million in Delayed Draw Term Loan

PUBLIC · LCIDOct 06, 2026

Amount Raised

$400 Million

Round Type

Debt Financing

NewarkManufacturingManufacturingEnergyTransportationFashionAutomotiveAutomotiveAutomotiveElectric Vehicle

Investors

Ayar Third Investment Company

Description

On October 6, 2026, Lucid Group, Inc. drew $400 million from its Delayed Draw Term Loan facilities. This funding is part of an agreement with Ayar Third Investment Company, affiliated with the Public Investment Fund. Following this transaction, the total amount outstanding under the loan is approximately $2.1 billion.

Company Information

Company

Lucid Group

Location

Newark, California, United States

About

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 Touring features an official EPA estimated 516 miles of range or 1,050 horsepower. Deliveries of Lucid Air, which is produced at Lucid's factory in Casa Grande, Arizona, are currently underway to U.S. and Canadian customers.

Fundz sees it the moment Lucid Group raises, hires an exec or expands, usually minutes after it happens, and tells you who to reach.

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Predictive Intelligence
Strategic

ML-powered predictions for Lucid Group's next move

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Lucid Group raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

145 of these a day, filtered to the companies you pick, with the decision-maker attached.

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Fundz is a real-time business intelligence platform powered by agentic AI that proactively delivers personalized daily signals, including funding rounds, executive changes, M&A activity, 13F institutional filings, SEC 8-K events, investor activity, and website modifications, based on each user's watchlist and ICP. A trusted data source at firms such as BlackRock, Oracle, Kleiner Perkins, LinkedIn, HubSpot, and Cloudflare, Fundz democratizes the institutional-grade intelligence that previously required a PitchBook or Bloomberg terminal. Features include FundzWatch™ for automated website change detection, Daily Briefing for AI-powered daily briefings, and unified cross-signal alerts across 281,000+ organizations. Developers and data teams can access these signals programmatically via the Fundz Funding Data API, with transparent published pricing.