Lightyear’s Operating Company Enters Bankruptcy

Future of the solar-powered-car startup is in doubt after production of its first EV has been halted.The Dutch EV startup Lightyear's operating company, Atlas Technologies BV, enters bankruptcy days after production of its first EV was halted.

The EV startup's first EV had a starting price of around $260,000 while offering a range of 388 miles, and was produced under contract by Valmet Automotive in Finland. "As announced on January 23, we had to submit the request for the opening of suspension of payment proceedings with respect to Atlas Technologies BV, our operating company responsible for the production of Lightyear," the company said in a statement.

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Lightyear’s Operating Company Enters BankruptcyFuture of the solar-powered startup is in doubt after production of its first EV has been halted. Here’s what’s going on with this automaker.
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Lightyear’s Operating Company Enters BankruptcyFuture of the solar-powered startup is in doubt after production of its first EV has been halted. Here’s what’s going on with this automaker. Sorry, Buzz… No kidding 🤡
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Lightyear's Operating Company Atlas Technologies Declared BankruptSome Lightyear employees are already preparing for the end of the startup, with several job-seeking posts surfacing on LinkedIn over the past few days. Solar panels on cars just don't make sense. You don't put an oil drilling platform on an ICE car either.
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