Lucid Motors to get additional $1.5 Bln from Saudi Arabia Fund

The announcement came as Lucid released its second-quarter earnings. Revenue increased by a third from a year ago to $200mn in the three months to June 30, while deliveries grew to 2,394 cars, a 71 % jump from the same period in 2023. Rawlinson said it remained on track to produce 9,000 vehicles this year. By comparison, Tesla delivered 443,956 vehicles in the second quarter.

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Corporate Innovation Culture. How closely does your company work with innovation?

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Balderton Capital Raises $1.3Bn for European Start-Ups

UK-based Balderton, which has backed artificial intelligence start-up Wayve and Royal Match developer Dream Games, closed a $615mn early-stage fund and a $685mn fund for “growth” investing in more mature start-ups, reflecting “growing interest in European tech”, according to managing partner Bernard Liautaud. Since its founding in 2000, Balderton has invested in more than 275 technology compan

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Lucid Motors to get additional $1.5 Bln from Saudi Arabia Fund

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Corporate Innovation Culture. How closely does your company work with innovation?

Balderton Capital Raises $1.3Bn for European Start-Ups