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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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

Arch Town Labs

Venture Philantrothy

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