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“High-volume” Lightyear 2, international expansion spurred with new investment

Dutch startup Lightyear on Tuesday introduced a roughly $80 million funding the agency mentioned will assist spur improvement of a mass-market solar-assisted electrical automotive.

Lightyear in June revealed that in manufacturing type its Lightyear One will likely be as an alternative referred to as Lightyear 0. That mannequin already incorporates game-changing aero and specifically developed Bridgestone tires to maximise effectivity, and built-in photo voltaic panels to reduce the necessity for charging.

Elaphe in-wheel motor for Lightyear 0

The Lightyear 0 will likely be made by Finland’s Valmet Automotive, and remains to be on monitor to start out manufacturing this fall, the startup mentioned in a press launch. However Lightyear is barely planning a restricted manufacturing run of 150 vehicles, every with a roughly $260,000 price ticket.

The deliberate second mannequin, dubbed Lightyear 2, can have a beginning value equal to about $30,000, in response to the discharge. Manufacturing is not scheduled to start out till 2025, however Lightyear already claims to have 10,000 reservations from leasing and car-sharing corporations LeasePlan and MyWheels, which have reserved 5,000 vehicles every.

Lightyear and Koenigsegg partnership

Lightyear and Koenigsegg partnership

The newest funding, led by Make investments-NL, the nationwide promotional establishment (NPI) of the Netherlands, and different authorities entities, will fund continued improvement of the two, Lightyear mentioned. Funds may even be used for a deliberate worldwide growth, in response to the startup. Lightyear hasn’t confirmed plans to enter america market, nonetheless.

An funding from Swedish supercar builder Koenigsegg may even reportedly assist present an effectivity enhance and tech for the Lightyear 2, which can additionally get subscription choices to extend affordability. Lightyear hasn’t mentioned the place the follow-up mannequin will likely be constructed nonetheless. It would not have a manufacturing unit, so it’ll probably must both develop its partnership with Valmet or search one other contract producer.

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