Lucid Motors announced Tuesday it has named a new chief executive officer and secured $750 million in fresh funding commitments from Uber Technologies and Saudi Arabia's Public Investment Fund.

The appointment ends a search lasting over a year following the sudden resignation of former CEO Peter Rawlinson. The new chief executive comes from outside the automotive industry, according to company statements.

The funding comes as part of an expanded partnership with Uber involving robotaxi vehicles. Lucid will sell additional autonomous vehicles to Uber under the expanded agreement, building on their existing robotaxi collaboration.

Saudi Arabia's sovereign wealth fund, which has been a significant investor in Lucid, is contributing to the new funding round alongside Uber Technologies. The Public Investment Fund has maintained substantial financial backing of the luxury electric vehicle manufacturer.

Lucid Group, which produces high-end electric vehicles, has been working to scale its operations and expand its market presence in the competitive EV sector. The company will use the new capital injection to support its ongoing business operations and growth initiatives.