Lucid Motors Granted $1 Billion Investment To Boost It’s EV Efforts

A Daring Car That Has Flying Looks

Nothing bolsters dreams of a dimming flame than the supportive boost of a worthy partner. It is like that tickling feeling that keeps you up in the night whilst you dream of an exciting holiday. This is what EV startup Lucid Motors experienced when Saudi Arabia’s Public Investment Fund (PIF) advanced $1 billion investment in its favor.

The company said that the money would go a long way in reawakening their plans to build a factory in Casa Grande, Arizona which had stalled due to inadequate funding. Founded in 2007 under its former name, Atieva, and the Newark, Lucid began developing its first electric vehicle in 2014.

The car was dubbed the Lucid Air and debuted in late 2016 as a 1,000-horsepower electric luxury sedan. This was meant to take the largely successful Tesla Model S head on.

This is a handsome investment that underlines the immense potential held by electric vehicles. It looks even more interesting when invested in a car like the air which prides of extraordinary distinctive looks.

Riding for 240 miles of range on a full charge, this is one of the EV’s that will challenge the provisions we have seen so far. In fact, it promises to come with an optional pack delivering up to 400 miles of range on electric power.

The vehicle has been designed to look like an earth-running spaceship. The curvy semi-circular front looks like a projected upper lip making it seem wider from certain angles.

The all-glass roof is, of course, a pioneer in this class and gives the Lucid Air a classy, shiny look. This is a vehicle that very comfortably competes in the luxurious category, especially if it fulfills all its promises.