Electric Vehicles
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Lucid Names Schindler Veteran Silvio Napoli as CEO and Raises Over $1 Billion as Uber Robotaxi Order Grows to 35,000 Vehicles
Lucid Group has appointed former Schindler chairman Silvio Napoli as chief executive and secured roughly $1.05 billion in new funding from Saudi Arabia's PIF, Uber, and a public offering, while expanding its robotaxi commitment with Uber to 35,000 vehicles.
3 min read3 sources
Bezos-Backed Slate Auto Raises $650 Million Series C to Bring Its Mid-$20K Electric Truck to Production by Year-End
Slate Auto closes a $650 million Series C led by TWG Global, bringing total funding to roughly $1.4 billion as the startup prepares to manufacture affordable electric trucks at a converted Indiana factory.
4 min read4 sources