Oct 29 (Reuters) - Electric-vehicle maker Lucid Group ( LCID )

said on Tuesday it will open orders for its Gravity SUV

on Nov. 7, as it looks to drum up demand and attract a wider

swathe of customers.

The move comes on the heels of a successful fundraising

round as Lucid looks to expand its product lineup to compete

with established players like Tesla.

The Grand Touring variant of the Gravity will start at

$94,900 and goes into production later this year, while the

Touring variant will follow in late 2025 with a starting price

of $79,900.

Current Lucid owners will be given priority for deliveries

of the Gravity, the company said.

Lucid raised nearly $1.75 billion earlier this month through

the sale of stock and a private placement with an affiliate of

its largest shareholder, Saudi Arabia's Public Investment Fund.

"We're at a sort of capital intensive stage where we're

launching the Gravity, we're paying for suppliers' tooling and

also ramping up our inventory of parts to produce that," CEO

Peter Rawlinson said last week.

The company has also planned to start production of a more

affordable mid-size car in late-2026 to rival Tesla's Model Y

crossover.