12. The land upon which this facility is built is not owned by Lucid, but rather by Pinal County, who will be leasing the 500-acre plot to Lucid. Lucid Motors sets out to create a car that elevates the human experience and transcends the perceived limitations of space, performance, and intelligence. Website. [42], This article is about an electric car company. EquityZen is a marketplace for shares of proven pre IPO tech companies. The Lucid Motors IPO date is currently unknown. 3 Private Unicorn Companies We'd Love to See IPO There are plenty of great companies trading on the stock exchanges. Electric vehicles are all the rage, thanks to the meteoric rise of Tesla’s stock in 2020. To date, Zoox has raised $1B and hired close to 1000 people, but without any revenues, they probably need 10X the investment. Now, the upstart company looks to challenge luxury alternatives su… Lucid plans to introduce its electric car, the Lucid Air, in 2020, around the same time that a number of other big names release their electric vehicles. ... Lucid … [10], The company rebranded to Lucid Motors in October 2016 and officially announced its intent to develop an all-electric, high-performance luxury vehicle. A picture may be worth 1,000 words, but a good chart or diagram can tell a whole heck of a lot more than that. Lucid Motors IPO. Save. Contact me at suzanne@lucidtext.com (626) 660-4030. [26] In July 2017, running on the high-speed track at the Transportation Research Center in Ohio, a special version of the car (with the speed limiter disabled via software and other modifications) hit 235 mph (378 km/h). The company is still ramping up capabilities as an automobile manufacturer. Get alerts on latest IPO news stories along with upcoming, open and listing IPO dates & offer price details. [22], On August 11, 2020, it was announced that the car is expected to have an estimated EPA range of 517 mi (832 km) on a single charge. [5] As of 2020 its first car, Lucid Air , is in development. Electric vehicle design, development & … Start-ups A Lucid … 577% 114%. This browser is no longer supported at MarketWatch. Potential 2020 IPO valuation: between $20 billion and $24 billion DoorDash Another topical startup on the list of top 2020 IPOs is DoorDash, the food delivery app. Summary Financials People Technology Signals & News. Date the Organization was founded. Lucidchart (also known as Lucid Software) is a Utah-based company helping organizations collaborate through visual media. Lucid Motors, Inc. (formerly known as Atieva)[4] is an American automotive company specializing in electric cars. Article continues below advertisement. Uber Technologies is a transportation logistics company that began as a ridehailing company. Stock Advisor launched in … Buy or sell Lucid Motors stock pre IPO via an EquityZen fund. Find the latest CALIBER IMAGING & DIAGNOSTICS I (LCDX) stock quote, history, news and other vital information to help you with your stock trading and investing. The company will reveal more details about the Lucid Air on its launch event on September 9th, 2020. The factory was then to be designed to support a maximum capacity of 380,000 cars per year. [7] The company has seen investments from Tsing Capital, Mitsui, Venrock, JAFCO, and others,[7][8] providing an estimated US$131 million by 2016. Lucid Motors Inc. is in talks with automakers about potentially sharing its electric-vehicle technology and plans to go public in a few years, a senior executive said. ... Velodyne recently announced its intention to IPO … (1) Non-U.S. based parent company that owns subsidiaries headquartered in U.S. (2) Company still exists but is no longer in the automotive manufacturing business, This page was last edited on 4 January 2021, at 00:31. Lucid is another EV maker without a SPAC partner at the moment. Pinal County plans to relinquish ownership of the land to Lucid in the future. News on Recent and Upcoming IPOs - Initial Public Offering, IPO Alerts Mailer, IPO News, Latest IPOs News, Recently Listed IPOs, IPOs Class Room > What is an IPO. [18] The investment will fund: the final engineering and testing of the Lucid Air model; the first-phase construction of its manufacturing plant in Casa Grande, Arizona;[17] the commercial production of the Lucid Air; and Lucid's worldwide retail strategy, beginning in North America. [6], Some of Lucid's 500 employees as of 2016[update] had previously worked at other car companies such as Tesla and Mazda, including Peter Rawlinson, the former VP of Engineering at Tesla,[4] and Derek Jenkins, the former Head of Design at Mazda North America Operations. Lucid is a luxury mobility company reimagining what a car can be. Currently, Lucid Motors hasn't provided an IPO date. Follow Crunchbase News on Twitter. Subscriber Agreement & Terms of Use, Lucid was founded in 2007 under the name Atieva. Active, Closed. Stock Advisor S&P 500. Another potential EV IPO is Lucid Motors. View information on the latest IPO's, expected IPO's, recent filings and IPO performance. [15], On September 17, 2018, Lucid Motors announced that they were in talks with the Public Investment Fund of Saudi Arabia for a funding valued at over $1 billion. The land was bought by Pinal County for $29.94 million, which was financed by issuing bonds. View More Companies. [3]:43:38–44:25, The Lucid Air will debut with a 900V+ electrical architecture, custom lithium-ion battery cells. As of November 2016[update], the company had planned to break ground in 2017, and have cars in production by early 2019. [33][34] The Formula E specification[35] calls for a battery weight of 250 kg (550 lb), 54 kWh energy, and peak power of up to 250 kW. For the best MarketWatch.com experience, please update to a modern browser. LCDX | Complete Caliber Imaging & Diagnostics Inc. stock news by MarketWatch. [9] Venrock, Mitsui, and JAFCO are still current investors in the company. Lucid Software. [25] This 4-door sedan is able to reach a software-limited top speed of 217 mph (349 km/h). Lucid Motors Expands Luxury EV Lineup with Its Most Attainable Lucid Air Model Yet, Featuring 406 Miles of Range and 480 horsep. IPO content provided by Renaissance Capital LLC, manager of the IPO-focused ETFs (tickers: IPO, IPOs). [27], Lucid unveiled an electric SUV concept in September 2020 called Project Gravity, but provided only a brief "glimpse of the future" and short video segment. Real-time information on initial public offerings (IPO's) by MarketWatch. ... 2007 | Funding to Date: $1.15B Lucid Motors is a developer and provider of luxury electric vehicles based out at Menlo Park, California. While Tesla has established itself as the preeminent EV automaker, Lucid is currently best known for supplying batteries to Formula E race cars. Here are three we'd love to add to that list. Lucid Motors, Inc. (formerly known as Atieva) is an American automotive company specializing in electric cars. The company is engaged in the designing and manufacturing of electric and battery-operated cars. The full range of models includes Lucid Air Touring, Grand Touring, and Dream Edition versions. Founders of the organization. Cookie Notice. Intraday Data provided by FACTSET and subject to terms of use. Lucid also wishes to begin producing their SUV, currently referred to as "Project Gravity", at this same facility by 2023. Lucid was founded in 2007 under the name Atieva and originally focused on building electric vehicle batteries and powertrains for other vehicle manufacturers. Invest in proven Automotive companies like Lucid Motors at SharesPost.com. Lucid will pay annual rent of $1.8 million. [20], Lucid mainly developed battery technology in its early years, but began development of its first car in 2014. There are no upcoming IPOs currently available for this week. Phase 2 of construction is expected to begin at some point in early 2021. [8][21], A prototype of the Lucid Air fully electric car was unveiled in December 2016. Connect to CRM . Lucid Air production is expected to start in spring 2021. ... IPO Status. Historical and current end-of-day data provided by FACTSET. Check out our Uber IPO Center to stay up to date on the latest news and commentary!. That’s the thing. The initial phase includes an initial 999,000 square feet, but Lucid has intentions to expand this to 5.1 million square feet by 2028. Lucid in Talks to Partner With Carmaker, Plans IPO in Few Years Craig Trudell, Gabrielle Coppola and Emily Chang , Bloomberg News (Bloomberg) -- Lucid Motors Inc. is in talks with automakers about potentially sharing its electric-vehicle technology and plans to … [3] In November, 2020, The Lucid Air Pure was announced with 406 miles of projected range and 480 horsepower and a starting price of $69,900 (after US federal tax credit). ... but the SPAC route is highly suspected due to the success/number of SPAC IPOs recently. Caliber Imaging & Diagnostics Inc (LCDX) Stock Quotes - Nasdaq offers stock quotes & market activity data for US and global markets. By using this site you agree to the Lucid has a $1.5 million job-training grant from Arizona and is negotiating a further $5 million grant, according to a spokesperson for the state’s commerce authority. 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