South Korean investors board Lightyear

Lightyear has attracted two investors from South Korea, Sunbo Angel Partners and Lighthouse. The size of the investment wasn’t disclosed, but reportedly it’s 3.5 million euros. That amount is based on earlier reports of a deal with the South Korean investor, which, as it turns out, was indeed signed earlier this year. Lighthouse has joined it.

Lightyear, which relaunched at the start of this year, initially didn’t want to give up the dream of its own solar car. Gradually, however, the focus shifted to producing solar roofs for other car manufacturers. The capital raised from the South Koreans supports that purpose. “This investment allows us to strengthen our cooperation with car manufacturers by enabling production in higher volumes,” states Lightyear CEO Hoefsloot in Dutch daily Eindhovens Dagblad.

Sunbo Angel Partners is a subsidiary of shipbuilding group Sunbo – the maritime sector could be an interesting market for Lightyear as well. Lighthouse is a well-known investor in the automotive and energy industries, according to Het Financieele Dagblad.