Nieke Roos
18 May 2021

Lightyear has announced a collaboration with SHV, supported by a strategic 20-million-euro investment, as part of its current funding round. By ensuring a faster transition from combustion-powered vehicles to electric transport, the partnership will strengthen both companies’ contributions to the energy transition. Operating in 64 countries with over 51,000 employees, family-owned SHV is active in energy distribution (SHV Energy), cash-and-carry wholesale (Makro), heavy lifting and transport activities (Mammoet), industrial services (Eriks), animal feed and aquafeed (Nutreco) and private equity (NPM Capital).

Lightyear production
Credit: Lightyear

“We’re very excited about this strategic partnership. It aligns with our view on creating a sustainable future,” comments SHV CEO Jeroen Drost. “We see several opportunities for cooperation and exchanging technical knowledge between Lightyear and a number of the businesses that are part of the SHV family.” Lex Hoefsloot, CEO of Lightyear, adds: “We greatly value and share the vision of SHV. Their entrepreneurial spirit, long-term focus, knowledge of different industries and global mindset are of great value to Lightyear’s mission. We’re now more ready than ever to get our first cars on the market and to demonstrate our technology.”