NEWARK,
Calif. and NEW YORK,
June 28,
2024 /PRNewswire/ -- Lucid Group, Inc. (NASDAQ:
LCID), maker of advanced electric vehicles, today announced it has
reached an agreement with Gravity, Inc., an American manufacturer
of high-speed EV charging equipment, regarding use of the "Lucid
Gravity" trademark.
The agreement allows for Lucid's use of the "Lucid Gravity"
brand without impinging on Gravity's pre-existing trademark,
avoiding a dispute between the two companies.
"We are pleased to have reached an agreement with Gravity,
Inc.," said Matt Everitt, General
Counsel at Lucid. "Anticipation is building for the Lucid Gravity
and we look forward to delivering the world's most outstanding
all-electric SUV."
"At Gravity, Inc., it's been our mission to fuel this industry's
growth," said Moshe Cohen, CEO of
Gravity, Inc. "When there is an opportunity to work together and
collaborate across the sector, that's the path we will take. We are
passionate about facilitating accessible, sustainable, electric
transportation to American cities. We are pleased to settle this
issue amicably with Lucid and will work together to ensure everyone
in the industry understands the distinct value of our brands."
About Lucid Group
Lucid (NASDAQ: LCID) is a Silicon
Valley-based technology company focused on creating the most
advanced EVs in the world. The flagship vehicle, Lucid Air,
delivers best-in-class performance and efficiency starting at
$69,900*. Lucid is preparing its
state-of-the-art, vertically integrated factory in Arizona to begin production of the Lucid
Gravity SUV. The company's goal is to accelerate humanity's
transition to sustainable transportation and energy.
* Excludes tax, title, license, options, destination and
documentation fees. For U.S. market only.
About Gravity, Inc.
Gravity, Inc. engineers,
manufactures and deploys Distributed Energy Access Points (DEAP)
units that provide the fastest charging in America with the most
flexible power sharing and zero dedicated space required. Gravity
is a full Original Equipment Manufacturer of all hardware and
software connecting vehicles to buildings and utilities, and
operates a flagship charging center in the heart of Midtown
Manhattan. Gravity is fueling America's clean energy future,
converting electric vehicles into energy assets.
Investor Relations
Contact
investor@lucidmotors.com
Media Contact
media@lucidmotors.com
media@gravitymobility.com
Trademarks
This communication contains trademarks, service marks, trade names
and copyrights of Lucid Group, Inc. and its subsidiaries and other
companies, which are the property of their respective owners.
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SOURCE Lucid Group