EV Maker Lucid Says It Will Need to Raise More Funds in 2026: FT

Lucid Group interim CEO Marc Winterhoff told the FT in an interview that the electric-vehicle maker’s money will last the company until 2H 2026 and said it will need to raise additional funds.

• Winterhoff is hoping that Uber taking a stake in Lucid will be a turning point for the company
• The EV company is working on plans to become a fleet manager, owning self-driving vehicles and renting them out to Uber drivers to create a revenue stream, he told the FT
  • The partnership could also eventually expand to the Middle East or Europe
• NOTE: In July, Uber Partnering With ...