O’Melveny represents Lucid Motors in USD1bn-plus investment by the Public Investment Fund of Saudi Arabia

O’Melveny has represented Silicon Valley-based electric vehicle company Lucid Motors in connection with securing over USD1 billion in investments from the Public Investment Fund of Saudi Arabia, subject to regulatory approvals and customary closing conditions. 

The transaction represents a major milestone for Lucid Motors as it moves towards the commercial launch of its first electric vehicle, the Lucid Air. 
The O’Melveny team was led by partners Nima Amini, Sung Pak and Andrew Dolak, with support from counsel Andrew Sorkin and associates Nolan Shaw and Amanda Bradley.