Lucid Motors appointed industrial executive Silvio Napoli as CEO and secured $750M in new capital—Uber increased investment to $500M total and committed to 35,000 vehicles including 25,000 robotaxi-ready units, while Saudi Arabia's PIF invested an additional $550M. The moves support Lucid's production ramp for the Gravity SUV and launch of three mid-size platform vehicles targeting the $50K segment.
Strategy
Lucid Motors names new CEO, lands more money from Uber and Saudis
Lucid Motors lands $750M in fresh capital from Uber ($500M total) and Saudi PIF ($550M), with Uber committing to 35,000 vehicles—including 25,000 robotaxi-ready units—to fuel production of the Gravity SUV and new $50K-targeted models.
Tuesday, April 14, 2026 12:00 PM UTC2 MIN READSOURCE: TechCrunchBY sys://pipeline
Tags
strategy
/// RELATED
ProductsApr 28
Agentic Data Engineering with Genie Code and Lakeflow
Databricks launches Genie Code, an agentic assistant that generates production-ready Spark data pipelines from natural language, cutting development time from weeks to hours while maintaining governance through Unity Catalog integration.
Infrastructure2d ago
Show HN: Apple's Sharp Running in the Browser via ONNX Runtime Web
Developer ports Apple's SHARP Gaussian splat model to run entirely in-browser via ONNX Runtime Web, enabling client-side image generation without server infrastructure.