Lucid partners with Bank of America to launch Lucid Financial Services

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Lucid Group, which makes fast-charging, long-range luxury electric vehicles, said Tuesday it is teaming up with Bank of America to provide customers with financing to stand out in a crowded segment.

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Lucid Financial Services’ digital platform provides a “flexible, fast and easy financing process” for leasing and loans, allowing customers to shop online, from applying for financing to signing a contract electronically.

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The financial services program, which aims to make shopping easier for Lucid’s US customers, comes as other automakers are starting to rethink the dealership experience. Last week, Ford said it wanted rebuild your model to enable customers to buy electric vehicles online at non-negotiable prices.

“Lucid Air customers have requested flexible financing options, including leases and purchases on credit, with many preferring a 100% digital experience,” Amira Ali, director of financial services at Lucid, said in a statement.

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Last year, Lucid began delivering its long-awaited flagship luxury sedan, the Lucid Air, to customers, the company’s first production series. A full size sedan drive up to 520 miles on a single charge and ranges from 400 to 800 horsepower, depending on trim.

The company is now gearing up to launch its second $179,000 production model. Model Lucid Air Grand Touring Performance, a 1050 hp grand tourer with a range of 446 miles. Lucid said this high-performance twin-engine version accelerates from zero to 60 mph in 2.6 seconds.

Both models come with a 900 volt+ ultra-fast charging system that can add 300 miles to the battery in 21 minutes on a 350 kilowatt DC fast charger.


Credit: techcrunch.com /

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