LONDON - Lucid will pursue more deals to sell its luxury electric vehicle equipment as it looks to grow its technology supply business, its top executive said Wednesday, adding its recent deal with Aston Martin is just the start.

The EV firm will provide Aston with technology including a rear drive unit with twin motors, battery modules and software for integrating systems under the agreement with the British luxury carmaker announced Monday.

The parts will come from Lucid's Arizona plant.

"This (deal) really kicks off that wing of the Lucid Group's business," CEO Peter Rawlinson told Reuters.

Rawlinson said last month Lucid was in talks on licensing and selling its powertrain technology, but declined to provide details on timing and potential partners.

Lucid's initial focus will be on providing high-performance, ultra-high voltage technology not suitable for the mass-market, reflected in the Aston deal, Rawlinson said.

However, he continued, its business licensing parts should grow as the company moves to more mass-market models.