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Lightyear secures $81 million for Solar-powered cars

by Babu Patil
Lightyear secures $81 million for Solar-powered cars

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....

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