Helmond, the Netherlands-based Lightyear, announced on Monday, April 3, that it has raised sufficient investments and will focus on the development of Lightyear 2, the affordable solar car.
“The sun has risen again. The restart of Lightyear has been completed,” says the Dutch company developing scalable grid-independent solar electric vehicles.
Lex Hoefsloot, CEO and Co-founder of Lightyear, says, “We are very happy that we have completed the restructuring. We believe this was necessary for the future of Lightyear, in which we have taken into account the interests of various stakeholders. The team has worked hard to make this possible.”
What happened?
Earlier this year, Lightyear decided to suspend the production of Lightyear 0 after Atlas Technologies BV, which is responsible for the production of Lightyear 0, declared bankruptcy.