According to reports, electric vehicle manufacturer Lucid announced that the company's financial services and leasing division, Lucid Financial Services, will provide more flexible rental options to residents of Canada. Now, Canadian consumers can lease the new Air electric vehicle, making Canada the third country where Lucid offers new car rental services.
On August 20th, Lucid announced that Canadian customers can lease their Air model through the new service provided by Lucid Financial Services. It is reported that Lucid Financial Services is a digital financial platform developed by Lucid Group in collaboration with Bank of America in 2022. Prior to launching the leasing service in Canada, Lucid has already provided this service in the United States and Saudi Arabia.
Peter Rawlinson, CEO and CTO of Lucid, said, "Canadian customers can now experience the unparalleled performance and interior space of Lucid and meet their lifestyle needs with flexible financial solutions. Our online process will also provide high-level personalized support throughout the entire experience to ensure that it meets customer expectations for Lucid services."
Canadian consumers can now view the leasing options for the 2024 Lucid Air, and the leasing service for the 2025 model will be launched soon.
After exceeding its delivery target for the flagship Air sedan (currently the only model the company has launched in the market) in the second quarter, Lucid has achieved another record-breaking quarter.
Due to a $1.5 billion investment from the Public Investment Fund (PIF) of Saudi Arabia, Lucid's revenue has increased in the second quarter. Lucid is utilizing these funds and some new demand levers to drive sales of the Air until the Gravity electric SUV joins its product lineup.