Lightyear announced that it had raised €81 million ($81 million) as it prepares to begin production of its first vehicle. Lightyear is a Dutch startup developing a long-range hybrid solar-powered car.
Lightyear 0 (previously Lightyear One) will go on sale for €250,000. The company has pre-sold 150 vehicles and can manufacture nearly 1,000/year.
The follow-up, the Lightyear 2, is expected to hit production in 2025 and cost €30,000. It will be available in the U.S., U.K., and Asia, among other markets. In perfect, optimal conditions, the car can potentially power itself for up to 40 miles each day.
Lightyear, a six-year-old startup that launched its prototype in 2019, raised more than $100 million in funding earlier....