Lightyear Secures $80M Investment As It Prepares For Solar EV Production

  • 📰 InsideEVs
  • ⏱ Reading Time:
  • 19 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 51%

Business News News

Business Business Latest News,Business Business Headlines

Lightyear Secures $80M Investment As It Prepares For Solar EV Production via insideevs.com

Lightyear, the solar electric vehicle startup from the Netherlands, has just announced that it has secured an additional €81- / $80.2-million in capital from a consortium comprised of the province of North Brabant and several other regional development agencies, as well as Invest-NL, an investment company based in Amsterdam.

The money will help Lightyear stay on track to begin production of its first model this year and also continue development of its upcoming affordable second model.In the current market environment, our technology has incredible potential for positive societal influence, so I see investments of this caliber as a testament to Lightyear’s product vision.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Isn’t the power output of the solar panels minuscule compared to the power requirements of the car?

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 579. in BUSİNESS

Business Business Latest News, Business Business Headlines