Lightyear has announced the closing of another round of investment. This time around, the Helmond-based EV developer pulled in a sizeable 48 million euros in new funding, led by Zero Point Holding – the Netherlands-based investment vehicle of a Swiss family. This injection of capital, Lightyear’s largest to date, is slated to aid the company in keeping its promise to make first customer deliveries of its first series car, the Lightyear One, by the end of this year.
With this 2021 delivery goal in mind, the EV specialist is now entering the final phase of selecting a production partner. Meanwhile, the company has also turned its attention to its next ambitious project: an affordable mass-market vehicle. Efforts to accelerate the development of this second model are already in the works, as Lightyear is currently focused on securing additional equity financing to be executed in the remainder of 2021.